I am studying CF1 and not sure one the answer
2006-10-25 04:02:19 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
No it's not.
The Treasury is part of the UK government and is responsible for managing all government related financial issues (including the Budget).
The Bank of England is an independent organisation 100% owned by the UK government (like the BBC). It has a number of responsibilities, the main ones being issuing currency (notes and coins) and controlling UK interest rates.
2006-10-25 04:30:53 · answer #1 · answered by popeleo5th 5 · 0⤊ 0⤋
Surely the Chancellor of the Exchequer is in charge of the UK Treasury? He's the one who makes up the Budget and produces the taxes that provides money to the Treasury (and taxes all into penury while so doing!).
The Bank of England decides on the interest rate independent of the government.
2006-10-25 04:14:49 · answer #2 · answered by avian 5 · 0⤊ 0⤋
No expert but I thought it was the Chancellor of the Exchequer?
2006-10-25 04:12:22 · answer #3 · answered by AaronO 2 · 0⤊ 0⤋
yes i think so
2006-10-25 04:11:21 · answer #4 · answered by JOYCE S 1 · 0⤊ 1⤋