Bank of England in the context of "Capital market"

In public finance, a lender of last resort (LOLR) is a financial entity, generally a central bank, that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facilities or such sources have been exhausted. It is, in effect, a government guarantee to provide liquidity to financial institutions. Since the beginning of the 20th century, most central banks have been providers of lender of last resort facilities, and their functions usually also include ensuring liquidity in the international markets in general.

The objective is to prevent economic disruption as a result of financial panics and bank runs spreading from one bank to the others due to a lack of liquidity in the first one.

Theresa Mary May, Baroness May of Maidenhead (/təˈriːzə/; née Brasier; born 1 October 1956), is a British politician who served as Prime Minister of the United Kingdom and Leader of the Conservative Party from 2016 to 2019. She previously served as Home Secretary from 2010 to 2016. She was Member of Parliament (MP) for Maidenhead from 1997 to 2024, and has been a member of the House of Lords since August 2024. May was the second female British prime minister, after Margaret Thatcher, and the first woman to have held two of the Great Offices of State. May is a one-nation conservative.

May grew up in Oxfordshire and attended St Hugh's College, Oxford. After graduating in 1977, she worked at the Bank of England and the Association for Payment Clearing Services. She also served as a councillor on Merton London Borough Council. After two unsuccessful attempts to be elected to the House of Commons, she was elected MP for Maidenhead at the 1997 general election. From 1999 to 2010, May held several roles in shadow cabinets and was Chairman of the Conservative Party from 2002 to 2003. Following the formation of the coalition government after the 2010 general election, May was appointed home secretary and minister for women and equalities, giving up the latter role in 2012. Reappointed after the Conservatives won the 2015 general election, she became the longest-serving home secretary in more than 60 years. During her tenure as home secretary, she pursued reform of the Police Federation, implemented a harder line on drugs policy and further restricted immigration. She oversaw the introduction of elected police and crime commissioners, the deportation of Abu Qatada and the creation of the College of Policing and the National Crime Agency. Although she supported the Remain campaign, May supported Brexit following the outcome of the 2016 referendum. She was elected and appointed prime minister unopposed, succeeding David Cameron.

The pound sign (£) is the symbol for the pound unit of sterling – the currency of the United Kingdom and its associated Crown Dependencies and British Overseas Territories and previously of Great Britain and of the Kingdom of England. The same symbol is used for other currencies called pound, such as the Egyptian and Syrian pounds. The sign may be drawn with one or two bars depending on personal preference, but the Bank of England has used the one-bar style exclusively on banknotes since 1975.

In the United States, "pound sign" refers to the symbol # (number sign). In Canada, "pound sign" can mean £ or #.

Denomination is a proper description of a currency amount, usually for coins or banknotes. Denominations may also be used with other means of payment such as gift cards. For example, five euros is the denomination of a five-euro note.

The governor of the Bank of England is the most senior position in the Bank of England. It is nominally a civil service post, but the appointment tends to be from within the bank, with the incumbent choosing and mentoring a successor. The governor of the Bank of England is also chairman of the Monetary Policy Committee, with a major role in guiding national economic and monetary policy, and is therefore one of the most important public officials in the United Kingdom.

According to the original charter of 27 July 1694 the bank's affairs would be supervised by a governor, a deputy governor, and 24 directors. In its current incarnation, the bank's Court of Directors has 12 (or up to 14) members, of whom five are various designated executives of the bank.

Politics of England forms the major part of the wider politics of the United Kingdom, with England being more populous than all the other countries of the United Kingdom put together. As England is also by far the largest in terms of area and GDP, its relationship to the UK is somewhat different from that of Scotland, Wales or Northern Ireland. The English capital London is also the capital of the UK, and English is the dominant language of the UK (not officially, but de facto). Dicey and Morris (p26) list the separate states in the British Islands. "England, Scotland, Northern Ireland, the Isle of Man, Jersey, Guernsey, Alderney, and Sark.... is a separate country in the sense of the conflict of laws, though not one of them is a State known to public international law." But this may be varied by statute.

The United Kingdom is one state for the purposes of the Bills of Exchange Act 1882. Great Britain is a single state for the purposes of the Companies Act 1985. Traditionally authors referred to the legal unit of England and Wales as "England" although this usage is becoming politically unacceptable in the last few decades. The Parliament of the United Kingdom is located in London, as is its civil service, HM Treasury and most of the official residences of the monarchy. In addition, the state bank of the UK is known as the "Bank of England".

James Gordon Brown (born 20 February 1951) is a British politician who served as Prime Minister of the United Kingdom and Leader of the Labour Party from 2007 to 2010. Previously, he was Chancellor of the Exchequer from 1997 to 2007 under Tony Blair. Brown was Member of Parliament (MP) for Dunfermline East from 1983 to 2005 and for Kirkcaldy and Cowdenbeath from 2005 to 2015. He has served as United Nations Special Envoy for Global Education since 2012, and he was appointed as World Health Organization Ambassador for Global Health Financing in 2021.

A doctoral graduate, Brown studied history at the University of Edinburgh. He spent his early career as a lecturer at a further education college and as a television journalist. Brown was elected to the House of Commons at the 1983 general election as the MP for Dunfermline East. He was appointed to Neil Kinnock's shadow cabinet in 1989 and was named Shadow Chancellor of the Exchequer by John Smith in 1992. Following Labour's victory in the 1997 general election, Brown was appointed as chancellor, becoming the longest-serving in modern history. Brown's time as chancellor was marked by major reform of Britain's monetary and fiscal policy architecture, transferring interest rate setting to the Bank of England, extending the powers of the Treasury to cover much domestic policy, and transferring banking supervision to the Financial Services Authority. Brown presided over the longest period of economic growth in British history. He outlined five economic tests, which resisted the UK adopting the euro. Controversial moves included the abolition of advance corporation tax (ACT) relief in his first budget, the sale of UK gold reserves from 1999 to 2002, and the removal in his final budget of the 10% starting rate of income tax that he had introduced in the 1999 budget.