Bank of England operations could leave London under Labour government
Parts of the Bank of England could move to the city of Birmingham under a Labour government, following proposals set out in a report commissioned by the UK’s official opposition party.
The recommendations include moving “some” BoE functions away from London, to sit alongside a “National Investment Bank” and a “Strategic Investment Board” in Birmingham, the UK’s second most populous city. The three institutions would be tasked with funnelling investment towards the UK’s smaller and more
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