Bank of England
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CONCENTRATION OF POWER
This institution is designed to protect the interests of the few over the many. By allowing inequities in effect of interest rate rises or falls, the discrepancy between lending banks having the immediate announcement of such taking effect to lenders yet the savings rates take longer to apply. It has two policies to deal with the economy: Print money known as Quantitative Easing & either increase or reduce base rates. That's it. They are atrocious in answering questions about their remit and this serves to stop questioning an authority which has weakened constitutional and democratic processes by being allowed to affect monetary policy without answer to the electorate. They are allegedly independent after all.....Really? Absolute rubbish