The Bank of England Act 1946 (
9 & 10 Geo. 6. c. 27) is an
act of Parliament of the United Kingdom
An act of Parliament in the United Kingdom is primary legislation passed by the UK Parliament in Westminster, London.
An act of Parliament can be enforced in all four of the UK constituent countries (England, Scotland, Wales and Northern Ire ...
which came into force on 14 February 1946. The act brought all of the stock of the
Bank of England
The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the Kingdom of England, English Government's banker and debt manager, and still one ...
into
public ownership
State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed t ...
on the "appointed date" (1 March 1946). This was one of a series of nationalisations by the
post-war Labour government led by
Clement Attlee
Clement Richard Attlee, 1st Earl Attlee (3 January 18838 October 1967) was a British statesman who was Prime Minister of the United Kingdom from 1945 to 1951 and Leader of the Labour Party (UK), Leader of the Labour Party from 1935 to 1955. At ...
.
See also
*
Bank of England Act 1716
*
Bank of England Act 1998
References
External links
Bank of England Legislation, the Charters of the Bank and related documents
United Kingdom Acts of Parliament 1946
Bank of England
1946 in economic history
Nationalisation in the United Kingdom
Banking legislation in the United Kingdom
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