Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

Bank of England delays plans for move to Leeds

by
November 22, 2022
in Investing
0
Bank of England delays plans for move to Leeds
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

The Bank of England has delayed plans to move hundreds of staff from London to Leeds as the wider economic turmoil slows the institution’s plans to expand its operations outside the capital.

Plans to strengthen Threadneedle Street’s northern hub have been delayed by at least a year as the central bank scales back ambitions to increase its presence across the UK.

The plan to acquire up to 100,000 sq ft of office space has also been shelved as the Bank focuses on the economic crisis, according to The Daily Telegraph, which first reported the news.

In April last year the Bank announced plans to move staff out of London to a new northern hub, which would be developed in Leeds.

The proposals were announced shortly after the Treasury confirmed Darlington as the location for its northern base as part of the government’s strategy to “level up” the regions.

Andrew Bailey, the Bank’s governor, said at the time that moving more of its 4,000 staff outside London and the southeast would help the Bank to serve the country as a whole.

The Bank expanded its office in Leeds, which was previously used by the four staff members that make up its Yorkshire and Humber agency, in the spring. About 30 members of staff are now based at the site.

It has a network of about a dozen regional representatives, who are known as “agents”, in Glasgow and Manchester among other areas.

A Bank of England spokesman said plans for the Leeds office had not been scrapped. “We are fully committed to expanding our staff presence outside London and the southeast, in order to better serve and attract people across the UK,” he said. “It is important that we take time to get this right, not least as post-pandemic ways of working are still being established.”

He added that the Bank was “revisiting our plan and timetable but our presence in Leeds will continue to expand, and our intention to create a Northern Hub there remains”.

The Financial Conduct Authority, which is responsible for regulating financial services companies, has recently opened an office in Leeds, and it expects 100 of its employees to be based there.

Leeds is known for its diverse economy, with a large number of successful technology, financial and legal firms based in the city.

Read more:
Bank of England delays plans for move to Leeds

Previous Post

Discovering The Benefits Of Dissertation Editing Services

Next Post

10 Influencer Marketing Tactics to Amplify Your Brand’s Presence

Next Post
10 Influencer Marketing Tactics to Amplify Your Brand’s Presence

10 Influencer Marketing Tactics to Amplify Your Brand’s Presence

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021
Deregulate the Remittance Industry

Deregulate the Remittance Industry

0

0

0

0
Deregulate the Remittance Industry

Deregulate the Remittance Industry

August 20, 2025
Preserving Educational Choice: Isolated Cases of Misuse Shouldn’t Derail ESA Progress

Preserving Educational Choice: Isolated Cases of Misuse Shouldn’t Derail ESA Progress

August 20, 2025
A Retired Warfighter’s Perspective on the Protectionist BOOTS Act

A Retired Warfighter’s Perspective on the Protectionist BOOTS Act

August 20, 2025
Trusted Abroad, Blocked at Home: Why Americans Need a Passport for Proven Medicines

Trusted Abroad, Blocked at Home: Why Americans Need a Passport for Proven Medicines

August 20, 2025

Recent News

Deregulate the Remittance Industry

Deregulate the Remittance Industry

August 20, 2025
Preserving Educational Choice: Isolated Cases of Misuse Shouldn’t Derail ESA Progress

Preserving Educational Choice: Isolated Cases of Misuse Shouldn’t Derail ESA Progress

August 20, 2025
A Retired Warfighter’s Perspective on the Protectionist BOOTS Act

A Retired Warfighter’s Perspective on the Protectionist BOOTS Act

August 20, 2025
Trusted Abroad, Blocked at Home: Why Americans Need a Passport for Proven Medicines

Trusted Abroad, Blocked at Home: Why Americans Need a Passport for Proven Medicines

August 20, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.