Volume 3 (Baltim to Brail): Bank of England.
An unusually modest admission here: macro-economics (and micro for that matter) is not a subject that Big Fat Pig has mastered. However I did have a part in running a medium-sized business for two decades and acted as an adviser to a large number of businesses of all sizes so I have been prey to the machinations of our central bank, principally the control of interest rates - a power ceded to it by Gordon Brown in 1997, one of his better moves.
The Bank, despite being the de facto central bank for two and a half centuries, was not nationalised until 1946 by the Attlee government. Rather against my best instinct the Bank's logo reproduced here is the new 'modern' version adopted for no good reason in 2022.
The Bank issues our bank notes (remember those?), sets interest rates and administers the funny money (quantitative easing) created by spendthrift government. Its principal target is to keep inflation at or under 2% pa. Those of us long enough in the tooth to remember the 70s can only applaud this target. I can only wish the Bank good luck.
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