Bank of England
Summary
The Bank of England (formally the Governor and Company of the Bank of England) is (despite its name) the central bank of the whole of the United Kingdom and is the model on which most modern, large central banks have been based. It was established in 1694 to act as the English Government's banker, and to this day it still acts as the banker for HM Government. The Bank was privately owned and operated from its foundation in 1694. It was subordinated to the Treasury after 1931 in making policy and was nationalised in 1946.In 1997 it became an independent public organisation, wholly owned by the Government, with independence in setting monetary policy.The Bank has a monopoly on the issue of banknotes in England and Wales, although not in Scotland, Northern Ireland, the Isle of Man, or the Channel Islands.
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British Talks on Press Regulation Break Down
Prime Minister David Cameron announced on Thursday that he would pursue his own proposal for a system of self-regulation after months of inquiries into a phone-hacking scandal.
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Times hits impasse with directors over new editors
Six independent directors who blocked Rupert Murdoch's choices for Times and Sunday Times unlikely to change position.
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NI chief to hold meeting with Times directors over new editors
Mike Darcey to meet six directors after they failed to endorse Rupert Murdoch's choice to edit Times and Sunday Times.
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John Witherow named acting editor of the Times
Publishing directors refuse to endorse appointments amid a standoff with Rupert Murdoch's News Corp over merger plans.
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John Witherow could be confirmed as Times editor this week
Current Sunday Times editor will meet directors during second half of this week, with a view to ratifying his appointment.
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Times editor not expected to be appointed until next week at earliest
Meeting this week between paper's independent directors and John Witherow did not result in his immediate confirmation.
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Times independent directors are not independent and should resign
When James Harding "resigned" as editor of The Times a month ago he told the paper's journalists:.
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Royal charters: what are they and how do they work?
Royal charter of kind mooted by No 10 to tackle press regulation in light of Leveson dates back to before constitutional monarchy.
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Gerard Baker named as editor in chief at Dow Jones and WSJ
Gerard Baker, the British-born and BBC-trained journalist, has been confirmed as the new editor in chief at Dow Jones and the Wall Street Journal. He will succeed Robert Thomson as part of a wider reshuffle at Rupert Murdoch's worldwide newspaper publishing operations.
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The week ahead: Terry in the dock, M&S results, David Haye fight
A guide to the big stories of the week ahead provided by Foresight News. The week begins with Chelsea and former England football captain John Terry in the dock, for a trial expected to last for five days. Terry pleaded not guilty on February 1 to a racially aggravated public order offence following an incident last [.
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