Back from my blog hiatus
bgk on Apr 7th 2005
I’ve upgraded to WordPress 1.5 and re-enabled the comment feature. Let’s see how bad comment spam has become!
Not much new to report yet (expect something significant towards the end of May)
Filed in Computers, General | One response so far
The Bank of England
bgk on Apr 7th 2005
Thanks to a video I saw recently I’ve taken an interest in the Bank of England. At college I studied economics A-Level and thus thought I had a reasonable knowledge of the workings of the Bank, how wrong I was! I don’t claim to be an expert, but here are some of the things I think I’ve learnt …
First surprise, the Bank of England is a public corporation. It has a charter first granted in 1694 and until 1942 was actually owned by individuals! In 1946 the government “nationalised” the bank (all bank property became government property and the original bank owners were given government stock,) and in 1997 it was made independent (was given the freedom to set interest rate policy.)
Filed in Humanities | 5 responses so far