my-server
← Wiki

Bank of England Act 1946

The Bank of England Act 1946 (9 & 10 Geo. 6. c. 27) is an act of the Parliament of the United Kingdom which came into force on 14 February 1946. The act brought all of the stock of the Bank of England into public ownership on the "appointed date" (1 March 1946). The act was belonged to a series of nationalisations by the post-war Labour government led by Clement Attlee, which also contained the Coal Industry Nationalisation Act 1946, Electricity Act 1947, Transport Act 1947.

Provisions

The act nationalised the Bank of England without changing its internal structure.

Commencement

Section 5 of the act provided that the act would come into force on a day appointed by the treasury by statutory instruments.

The (SR&O 1946/237) provided that the act would come into force on 1 March 1946.

Further developments

The 1946 act was largely replaced by the Bank of England Act 1998.

See also

Notes

References

External links