About the event
When: Thursday 21 November, 5 to 8pm (last entry 7.30pm)
Join us every third Thursday of the month as we stay open late, giving you extra time to explore our museum. This month, find out more about the relationship between the Bank of England and Parliament in a talk at 6pm with Clare Cowan, Head of the Bank’s Parliamentary Affairs team.
Talk: Thursday 21 November at 6pm
Since 1946, the Bank of England has been owned by the UK Government. The Government also appoints all the Bank’s senior policymakers.
Yet the Bank has independence from the Government in how it carries out its responsibilities. This means it can make decisions to keep the economy and financial system stable, free from day-to-day political influence.
But that doesn’t mean the Bank operates without any oversight or accountability.
Parliament sets the goals and responsibilities the Bank must follow when deciding on policy for inflation and financial stability. It scrutinises the actions taken by the Bank on behalf of the people of the UK.
But how does this work in practice?
Clare Cowan from the Bank’s Parliamentary Affairs team will explain all! She’ll talk about her experiences in ensuring the Bank is accountable to both Houses of Parliament and how the Bank’s relationship with Parliament has evolved over the years.
Places for the talk are free but allocated on a first-come, first-served basis. Tickets will be available at 5pm and can be collected from the Museum’s information desk.
