Who Owns the Bank of England?

Readers Question: Who Owns the Bank of England?

The Bank of England is owned by Her Majesty’s Government.

From Bank of England website

“As a public organisation, wholly-owned by Government, and with a significant public policy role, the Bank is accountable to Parliament”

Bank of England

The Bank of England was set up by, ironically, a Scotsman – William Paterson. It was initially a private bank in 1694 acting as lender to the Government.

The Bank was given a Royal Charter, and in 1844, the Bank Charter Act gave the Bank of England sole right to issue notes and coins.

The Bank of England was nationalised in 1946. (Nationalisation means government takes ownership)

In 1997, the Bank of England was given independence over Monetary Policy.

Bank of England Website

Amusing Yahoo Answers – Who Own Bank of England?

- The Queen (source: history class), The Saudis, The public – so go help yourself …..

Update: For some reason, many people think the Bank of England is privately owned by the Rothschilds. (There is a similar conspiracy theory about the US Federal Reserve). I wrote to the Bank of England and asked for clarification. This was there reply.

The Bank of England is the central bank of the United Kingdom and was established as a corporate body by Royal Charter under the Bank of England Act 1694. The Bank was nationalised on 1 March 1946, and gained operational independence to set interest rates in 1997 (the Bank of England Act 1998 Part II sets out the responsibilities and objectives of the Bank in relation to monetary policy).

The Bank is a public sector institution, wholly-owned by the government, but accountable to Parliament. The entire capital of the Bank is, in fact, held by the Treasury solicitor on behalf of HM Treasury. Each year, the Bank is required to submit its Report and Accounts to Parliament, via the Chancellor of the Exchequer.  For more information you may be interested to see the Bank’s latest Report and Accounts, which can be found on our website at:

www.bankofengland.co.uk/publications/annualreport/index.htm

As to the supposed ‘Rothschild’ connection, I don’t know why people should think that the family own us. But a number of the Rothschilds have served on the Bank’s Court of Directors over the years.

38 Responses to Who Owns the Bank of England?

  1. markpashley September 15, 2008 at 5:16 pm #

    Let me ask you a simple question: what country in its right mind would create a system that would force it to lend itself money and have to repay the money WITH INTEREST? What country would charge itself interest? What nation would put itself out of business by making it bankrupt because of interest? also why is our money backed by nothing now.

  2. Musashi September 20, 2008 at 6:50 am #

    Because:
    1. Most of the sheeple don’t know.
    2. Many that do, don’t want to upset the applecart
    3. The powers that be make a killing out of this so it is in their interests to hide the truth and distract the sheeple with game shows, reality TV, sports and Wars on Tourism
    4. Many of the sheeple that do know about this system remain complicit because they enjoy buying things that they cannot really afford.

  3. q October 7, 2008 at 8:50 pm #

    taken from audited a/cs 2008, note 2 (t):

    “The entire equity capital comprising £14,553,000 of Bank Stock is held by the Treasury Solicitor on behalf of HM Treasury.
    Under Section 1 (4) of the Bank of England Act 1946, subsequent to the end of each year HM Treasury receives payments
    of half the post-tax profits unless the Bank and HM Treasury agree otherwise. The payments are deductible for
    corporation tax and charged to equity in the year to which they relate on the basis as agreed at the end of the
    relevant year.” looks like the rest of profit just sits in retained earnings. Not sure about the implications of gov paying interest to BoE (as asserted by Mark), who then pay tax back to HMRC, and then share the net profits with the gov.

  4. hre November 6, 2008 at 2:24 pm #

    how can the us have a huge national debt, while Indonesia has recently paid theirs off… and who exactly does the richest country in the world owe money to..and how come Switzerland..wit no real economy is so rich hmm..

  5. Julie November 13, 2008 at 1:01 pm #

    The UK government doesn’t own the bank of England.
    It’s the other way around actually.
    Central banks own governments.
    Ask Abraham Lincoln and JFK about the power to print
    a country’s own money, without paying interest to them.
    Central banks are … just one (1) cartel owned by the masters of this world.
    Just because you can vote for some puppet now and
    again doesn’t mean that they’re going to hand over
    their power to your ‘elected leaders’ now does it?

  6. paul November 22, 2008 at 3:45 am #

    i was under the impression that the rothschilds family owned the bank of england ?

  7. D December 22, 2008 at 12:17 pm #

    Money (that is cash, paper money) in the UK is created at a debt by the BoE. It creates this money in exchange for what amounts to Gov bonds. The upshot of it is that all your money is owed to BoE with interest and banking cost. Lets put it this way. If all the debt was paid off, their would be no money in circulation. In fact it is impossible to pay it all off, as we dont have money for the interest and extra cost…Were do we get the money from? The only entity that can create money is the BoE (and a couple of other ‘Private’ banks).

    Lets not get into the evils of Fractional Banking.

    Money should be based on a commodity, not gold as thats too rare and is controlled and manipulated by the few.

  8. thomas February 15, 2009 at 11:12 am #

    if the govt own the bank of england , why are they
    borrowing money from it to fight wars etc and why sre we paying for it?

  9. thomas February 16, 2009 at 12:06 am #

    and if my last statment is true ,how much can i borrow and who will pay it back

  10. Ronald February 18, 2009 at 2:08 pm #

    Please please please… folks do your homework and don’t read this nonsense… The Bank of England is owned and run by a group of private business men… it all started with The BOWERS who changed their name for concerning reasons to the Rothschilds! Author of this website you should be ashamed for misleading folks into thinking your narrative is true when its pure fiction! The Bank of England do not want you to know the truth because they are the problem is society and contribute heavily to wars.

  11. OriMeissa February 20, 2009 at 10:47 am #

    Interest will always be a problem as far as Government Bonds are issued, whether the BoE is privately or publicly owned. The core problem is the issuance of money as debt.

    Since we borrow money by issuing Bonds, which foreign and domestic investors purchase, there has to be an interest rate given as incentive to those lenders to get a return, unless of course it is a charitable donation.

    The BoE facilitates the transactions, and also sets the interest rate on those bonds sold. The interest rate impacts on the amount we can afford to technically borrow as a country in two counterbalancing ways:

    1. How much we’ll have to pay back in interest payments

    2. How willing investors are to pump money into the UK economy at a particular rate of return.

    Private ownership (a separate issue) of the Central Bank should be anathema to any democracy. If the BoE is privately owned, then the government can be brought to its knees by private interests, which can never be good for a democracy. However, judging from the sheer lack of oversight in government that we have witnessed over the past few years, and the common whitewashes from the judicial system when considering government affairs, can we truly say that the “public” sector isn’t run by private interests either?

  12. Peter Morris March 2, 2009 at 12:26 am #

    So the government own the bank of England? This means that the government own all of the money within the BoE, if this is the case why do we borrow money from them and pay back with interest? It’s like my left pocket borrowing money from my right pocket.

    But what REALLY doesn’t make any sense is this. If the government is so strapped for cash that it needs to borrow money from a bank each year, why is it that as soon as this credit crisis arose the government had a seemingly endless amount of money to lend to the banks? And why is the government not charging the banks interest?

    Interest is slavery, no matter who owns what.

  13. Derrick Khan March 8, 2009 at 11:16 pm #

    If you go to the BOE web site, you can take a look at their annual accounts. Looks like it is owned by HM Government.

    However, the Federal Reserve in the US is owned by private banks. It’s important not to get confused between the Federal Reserve and the US Treasury (which is part of the US Govt.).

    It seems to me that the World is split into three main groups; those who have nothing – Poverty; those who have less than nothing – Debt; those regulate the levels of debt and poverty – ………….

  14. dry March 11, 2009 at 4:26 pm #

    The ‘government’ is an abstract concept – at the very best a legal fiction, and as such can own nothing in reality. The people who administer the ‘government’ of this country are nurtured, formed, chosen, put into place and controlled by the shadow-elite network which really run the globe (and have manufactured this global economic collapse as the next important step to their stated goal of a tyrannical ‘New World Order’. Now we witness them putting into place their global regulatory body to govern the global finances of the world, yet people still shrug their shoulders and pretend it isn’t happening. So, if on paper HM Gov owns the BoE, then the BoE is fully controlled (and so practically owned) by the globalist fascist elite who are soon going to own YOU in reality.

  15. Philip March 12, 2009 at 12:24 pm #

    If the UK government really does own the Bank of England why doesn’t it simply issue all the money it needs itself and bypass the BoE? That would save an awful lot of interest, and if the money is issued debt-
    free and spent into circulation, e.g. by paying for public works, paying pensions, buying up the odd stricken bank, etc, it won’t actually have to be paid back, because it won’t be owed to anybody.

    A truly debt-free economy. But then that wouldn’t suit the international banking houses, who love weak, bankrupt governments, and weald so much power through finance. This isn’t some conspiracy theory. See “Superclass” by David Rothkopf (available from Amazon) in which he boasts how the world is really governed by around 6,000 powerful people, most of whom know each other.

    And the whole basis of their power is the debt-based economic system foisted on virtually all governments. This “global elite”, so-called, doesn’t actually produce anything (other than debt and misery for everyone else) but they are the creditors and everyone else -
    governments, corporations, big and small businesses, local and state governments, public service institutions, right down to you and I are the debtors.

    What do you say? Carry on trying to work within this evil and insane system, or sweep it all away and start afresh with a debt-free economy for every country, and without the parasitic and insidious “global elite”?

  16. master yoga March 25, 2009 at 5:11 pm #

    All those who raise money for the empire do so with the stealth of the darkside. today we are 300 trillion pounds in debt, it is impossible for us ever to be out of debt, no country using this economic system can be debt free, and we are all slaves to this debt.

    In the eventuality that we could all pay off our debt, the system would collapse, as there is not actually enough physical money in circulation to satisfy this blatent paradox.
    just as if all the savers tried to pull out their money from the banks, they would quickly find that this would be impossible…. such as what happened in Argentina, when ordinary people could not withdraw their money from local branches of global banking corporations.

    It is all part of the smokescreen designed to hide the truth from the people, thus keeping us under control, and preventing the evolution of the human race.

    This year I predict that there will be riots on the streets of London, and the army will be drafted to silence those that both saw the recession coming, and those that are beginning to understand the fundemental failings inherent within the system.

    Now that all the smaller independent banks have been crippled by the system, they will once again be absorbed into the Empire, further perpetuating the cycle of capitol control.

    Essentially it is not about money, but about debt, control the debt, and you control the nation.

    Dont get loans.
    Dont get credit cards.
    Dont pay with any method other than cash.
    Dont pay for a pension.
    Dont get an identification card.
    Dont be controlled.

    “I am not a number I am a free man, I will not be indexed, stamped, categorised, or numbered”

  17. James Hunt March 31, 2009 at 10:55 pm #

    The ban of england is a private bank own by the roschilds family. since it was founded .The bank of england controll the goverment of england and the goverment has no controll over it never had and never will .The bank of england rase intress and lower it as it deems fit
    So the bankof england own the country and every acre of land in it..

  18. Disciple of Horus April 2, 2009 at 10:34 pm #

    If Rothschild do not own BOE now, who were the owners who were paid in 1946 when the Bank was nationalised?
    How will China combat the present World Order? I dont yet believe that they are in on it. They are more like a subset of World Order as in they have complete control of their own 1/6th of the world population.
    How do we free ourselves from this debt controlled slavery? Revolution requires cooperation. The banking/political/legal/religious/media systems are controlled. Powers to monitor communication are increasing. So, how do we break these chains?
    P.S. Look out Iran!

  19. Martin April 5, 2009 at 10:36 pm #

    Perhans an alternative monetary system could be used to sidestep the current system. Thus depriving those people of control. The system would have to be based on fundamentally different principles of money creation/destruction. It would also have to be defined in a language completely different from current practices to conceal its purpose.

    Martin.

  20. Robert April 14, 2009 at 9:46 pm #

    I give you £1…

    You give me £1.10 back…

    Where does the £0.10 come from??? I only gave you a pound and there only is a pound… The £0.10 is impossible to create as I control the money…

    I hide it well and create £10 but ask for £11 back… I create £1000 but ask for £1100 back… It is impossible.

    I create misery and deprivation. I literally KILL people for greed. I invade other countries and impose my currency on them whilst devaluing their natural resources and buying everything up with what amounts to special paper. It has no worth except what is created and installed in the minds of the populance from a young age.

    I provide leisure activities and leisure abuses (drugs) in order to cloud the mind of the individuals. I dull down and mainstream education. I control all information and rubbish all claims against me. I distance myself from all acts of conflict BUT I fund them. I have in place a government who take the stick. I have control of ALL armed forces, the Police, the education system, the supply chains, food, water… EVERYTHING.

    I inbreed to ensure that nobody else gets a share.

    I am the ‘elite’. I am the Queen and the Royal family. I am the direct servants to the Royal family (Rothschild’s and the such). I am the cream of the world and I OWN it. What I say goes. A mere peasant has nothing on me. Our families have been working tirelessly for centuries to ensure that we will exist forever and will never loose control.

    As for OUR Bank of England being owned by the Government and the nation of Great Britain… Don’t be sooooo stupid, do you honestly think we would let the mere mortals own such an asset and misery machine?

  21. J JONES April 17, 2009 at 2:53 pm #

    its a mega pyramid, and like all of them , it will collapse!! people in the uk are too soft, the rich get richer and the poor get poorer , a time for revolution is at hand , watch a movie called ZEITGEIST this will explain 2 u what is going on in the world !!! also watch V FOR VENDETTA .

  22. dry April 20, 2009 at 11:08 pm #

    People are becoming more discerning about what is presented as anti-globalist/elite sources of information – zeitgeist 1 is actually globalist disinformation, zeitgeist 2 is globalist propaganda. V for Vendetta is an allegory for the globalist religion of gnosticism and ultimately luciferianism. People would do better to look to prisonplanet.com or infowars.com for news and films produced by that team than the above globalist sources.

  23. Inni Bruv April 21, 2009 at 11:39 am #

    For Now awareness is the only we can do. People need to stop living in little bubbles and realize that the bank Central federal or otherwise are only there to serve the elite.
    Until the day of reckoning comes we can just keep trying to make people aware and when that day arrives everyone who knows and cares and wants to be free from this Economic Slavery then I say we need to Rebel!!!

  24. sarah April 22, 2009 at 11:59 am #

    Listen to Robert, what he says is correct.

    ‘We need a revolution to make a solution’

  25. sarah April 22, 2009 at 12:19 pm #

    no please lets have more of the same……..

    Banks full of thief’s, government full of cheats, police force full of bigots and thugs.
    And the few at the top pulling the strings laughing as they downpress the world causing hatred and division amongst its population.

    I say….
    Poor people & indebted people make up the majority of the planet- we all need to rise up and fight this tyranny!

  26. G May 3, 2009 at 3:42 pm #

    Rise up? What for? One tyrrany will be replaced by another one. Look at French Revolution, Russian and Chinesse comunistic revolutions, etc.

    Educate, educate, educate so our children are aware of danger and know how to avoid it! Educate, so they cannot be fooled by others and know how to survive & trive.

    It takes time and more important it takes a strong will and sacrifice on our sides – STOP getting into debts, stop living easy life (get now, pay later), be resposible!

  27. Advocatus Diaboli May 8, 2009 at 12:40 am #

    G is speaking sense here.

    If we all work not for ourselves but for our children and thier children (just like the Rothschilds of this world have done for many centuries) then, and only then, we can overcome this tyranny.

    Nobody has to borrow to survive. We choose to borrow. OK, we are nudged, shoved, coerced into borrowing by every conceivable technique of manipulation, but we do make the end choice. For many of us its too late. We have woken up after becomming indebted, but that doesn’t matter. What matters is that we help our children avoid this fate.

    Wise up guys to the tricks of the salesman. Don’t let your children spend time watching TV (throw it out if you have to), dont buy newspapers, don’t think that taking your kids to McDonalds is a treat, don’t get them high on sugar all the time. Love is the answer.

    Spend time just talking with your kids. And don’t assume that you know any more than they do. THEY understand that Love is the only think to aspire to. THEY can teach you that love is worth more than all the shiny gold in this world. But you have to listen. You can teach them how to avoid debt interest and who controls the worlds finances later. First you have to listen. Learn for yourself the only bond that will liberate your soul. Love.

    Once you understand this you can show them the way of the warrior.

    Paul Morris

  28. Adrian P May 9, 2009 at 11:51 pm #

    It’s good to see that most posters on here know what is going on.
    Can I recommend Ron Pauls youtube channel campaign for liberty, so far he has got 110 Congressmen to back his calls for an Audit of the Federal Reserve.
    Bernanke is asking instead if ron Paul alone will review the accounts, Ron Paul is pushing them into a corner, I hope they do not do to him what they did to JFK when he signed executive order 11110 which ordered the US treasury to begin issuing silver backed dollars.
    Maybe we should petition General Dannat over this.

    http://www.youtube.com/user/campaignforliberty

  29. Simon McDermott May 11, 2009 at 8:39 pm #

    I agree, the whole system is corrupt to its very core.
    I first heard about the banking scam when reading David Ickes books back in 2002. I took it all with a pinch of salt to begin with, but ideas that were considered ‘wacky conspiracy theories’ back then, are now proven to be fact.

    In the case of the US and the Federal Reserve the manipulation is both apparent and obvious – films like Zeitgeist have shown that. The Bank of England has been far more insidious, because it claims to be owned by the government – though as many posters have pointed out, if this was the case then we would not be paying interest on the money issued.

    Like the movie Zeitgeist points out: ‘money is created out of debt, therefore the richer the economy, the greater the debt’.

    Even if the British Government does own the BOE, the zeitgeist movie suggests:

    ‘Rather government as we know it is actually parent corporation to all the other corporations working within a countries economy’.

    If the strength of your nation depends on your economic might, then naturally governments have a vested interest in the private corporations within their remit. The problem is that we have reached the point where political policy and decision making are dictated to government by the business and the banking cartel.

    If you read Johnathan Blacks book ‘The Secret History Of The World’ the ruling elite are no longer trying to hide the fact that they have withheld esoteric knowledge from the masses; however, he does try to paint them in a more sympathetic light, by suggesting that they have been a necessary evil.

    Even if that is the case it is time for us to move on and evolve as a species. The days of: slaughtering people by the millions, poisoning and polluting our food, water supplies, contaminating our natural environment with industrial toxins and depleted uranium from the weapons of mass destruction created by OUR OWN governments; the mindless selfishness of only looking out for ‘number one’ and lining our pockets with worthless sheets of paper; the hording of giant properties, TV’s, cars etc whilst others starve on the streets or in baron waist-lands created by our ignorance and reluctance to pull our heads out of the sand are over and we must say “NO MORE!”

    Men like Jacque Fresco and the Venus project are showing us possible avenues of advancement once we relinquish the control from this abhorrent form of consciousness, that is trying vehemently and with impunity to out stay its welcome.

    It is not just those in charge who have to change, but the system itself – the monetary system has outstayed its welcome and is now the perpetrator of the behavior that we wish to change.

    A resource based society as recommended by the Venus project looks like the logical progression for the future; the problem is going to be removing the current prison warders of human consciousness as they are power hungry, intoxicated and blood lust-full.

    The first thing we must do is change ourselves, we must become more caring, loving and compassionate. Once we realise that the physical world is only the material manifestation of our inner selves, then really, when you think about it – there’s no better place to start.

  30. Arton May 19, 2009 at 2:54 pm #

    if the bank is not private, why did it lend money to Hitler and pass on intellegence to the third reich during WWII – even when Hitler was bombing London ?

  31. powerOfNow July 10, 2009 at 8:53 am #

    It matters little if the Bank of England is private or not…. the fact is that the government persists with the lie that it needs to borrow from the BOE at interest, which then becomes the national debt that you and I must pay back via our labour and via other ‘legalised’ forms of theft. We need to wake up to who we are and share this information widely.

  32. LTRussell July 21, 2009 at 3:41 pm #

    The BoE lend money to the British goverment at intrest essentially creating a paradox of never being able to pay the original loan back.

    In fractional banking the BoE lend £1 with intrest and
    essentially other private banks then, are allowed to create another £9 with that original £1 (as I understand).

    Please correct me if I’m not understanding this properly. But surely that then has created 10x the amount of the original loan, hense creating enough to pay the original loan.

    Believe me when I say I’m not supporting the banking system, just tring to understand it. Can anyone clarify this.

  33. Zephyr July 23, 2009 at 5:09 pm #

    You might like to download or look at this free booklet:

    http://freedom-school.com/money/how-an-economy-grows.pdf

    In my view, what we’re now seeing is a significant expansion of men and women’s consciousness … through the medium of the internet.

  34. Mr H. August 6, 2009 at 6:15 pm #

    Thanks to everyone who has posted. When I can make sense of the madness, I will post it on my face book. I feel all those little bits of information that are left out there, People can get informed. It may be slow but if I have woken up, we can all wake up.

  35. Robert August 16, 2009 at 11:20 am #

    Who do you think loans all those billions to 3rd world countries in South America and Africa who do they pay it back to! Start your own debt free country have your own laws polietly tell them to #*^!) After all you do have the right to self determination under artical 2 of the United Nations Decleration of Human Rights.

  36. drywontonmee September 1, 2009 at 9:33 pm #

    Robert, that’s when they’ll manufacture a reason to invade your country and kill hundreds of thousands of innocent men, women and children so that they can enforce ‘regime change’ and bring ‘democracy’ to your country and bring you under their New World Order where so that you don’t have any more silly thoughts of freedom, peace, justice and independent prosperity.

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