Established in 1694, the Bank of England is the central bank of the UK and has been under public ownership since 1946. It plays a crucial role in the UK's financial and monetary policy.
Founded in 1694 as a private bank, the Bank of England developed into the UK's central bank by the 19th century. It controls the money supply, acts as banker for the government and other banks, and manages national debt and foreign exchange reserves.
The Confederation of British Industry (CBI) is an organization that lobbies for British business on various matters, primarily to the UK government, the European Union, and other international bodies. Formed in 1965, CBI's objective is to foster conditions conducive to business competitiveness and prosperity in the UK. Representing approximately 240,000 UK companies, the CBI Council governs this influential body.
The Confederation of British Industry (CBI) is a leading business organization in the UK, representing businesses across all sectors, influencing policies, and driving economic growth.
An in-depth look at the Corset, a UK monetary device used from 1973 to 1980 for controlling bank deposit growth and interest-bearing eligible liabilities.
The Federation of Small Businesses (FSB) represents the interests of small businesses in the UK, advocating for their rights and providing essential resources and support.
An in-depth look at the Financial Policy Committee, its historical context, key roles, responsibilities, and impact on the financial system.
An in-depth exploration of the Labour Force Survey, a quarterly survey providing critical information on the UK labour market, conducted by the Office for National Statistics.
An overview of the Monetary Policy Committee (MPC) of the Bank of England, responsible for setting interest rates in the UK since 1997.
An in-depth look at the National Institute of Economic and Social Research (NIESR), its history, research, impact, and significance in the economic and social sciences.
An in-depth look at National Insurance Contributions (NICs), their importance, types, historical context, and how they work.
Oil produced in the North Sea has had a profound impact on the UK's economy, energy production, and geopolitical landscape. This article covers the historical context, technological advances, key events, and the long-term implications of North Sea oil production.
An in-depth look at the Office for Budget Responsibility, its historical context, roles, and significance in the UK economic landscape.
A comprehensive exploration of the Petroleum Revenue Tax, its historical significance, types, and implications for the oil and gas industry in the UK.
An annual publication by the Office for National Statistics that provides comprehensive data on the UK's visible and invisible trade, capital movements, and overseas assets and liabilities.
An in-depth exploration of the Pound, the UK currency unit often referred to as pound sterling, including historical context, types, key events, and much more.
An in-depth look at the Prudential Regulation Authority (PRA), including its history, functions, importance, and more.
A comprehensive overview of Public Corporations in the UK, their historical context, operational dynamics, and government involvement.
An in-depth explanation of the Public Sector Net Cash Requirement (PSNCR) in the UK, covering its historical context, importance, and implications.
SONIA (Sterling Overnight Index Average) is a key benchmark for overnight unsecured transactions in the sterling market. This article explores its historical context, significance, calculations, and applications in the financial sector.
SONIA, or Sterling Overnight Interbank Average Rate, is an index tracking sterling overnight funding rates for trades during off hours, serving as a proxy for market interest rate expectations.
An in-depth look at Sterling M3, a former measure of broad money in the UK, including its components, historical context, importance, and applicability.
The UK government department responsible for the country's financial policies and management of the economy, run by the Chancellor of the Exchequer.
An in-depth overview of UK Export Finance, including its role, functions, historical context, and importance in supporting British exporters.
Exploring the concept of the underlying rate of inflation, its historical context, types, key events, formulas, importance, and applicability in economics.
The UK system of property taxes on business premises, implemented since 1990, charging a uniform percentage of valuation throughout England to ensure consistency.
