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British Life (Subject) / The Economy (Lesson)

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• Name of Bank of England The old Lady of Threadneedle Street
• Bank was founded in... and why? in 1694, because the Crown needed money to found the the war against France.
• Bank was nationalised in... 1946
• Name of the Head of the Bank of England? The Govenor of the Bank of England (Mark Carney)
• What is kept in vaults and whose? gold bars.-Goverment, other central banks, oversea banks
• Major activities of Bank of England? Printing money (5 mio notes every day)
• Whose signature on notes? Chief Cashier
• Bank of England customers? Gov. accounts, bank accounts, central bank accounts, companies, charities, nationalised industries
• Functions Bank of England Licencing all banks, sort out problems
• CBI Confederation of British Industry. Most employers belong to it, so its very influential.
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• TUC Trades Union Congress. Main Group for employees.

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