What is the Bank of England


The Bank of England is the head of all banks and helps to stop them from going out of business.And check on the banks see if they are lending to much and make rules for the banks but not only one person makes the rules the go for a debate so to make sure they are right for the bank

e.g It is like when one of the parties leaders have an idea they have to share it with the other leaders and if they don’t agree they won’t make it a law and if they agree the Queen 👑 has to approve.

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