Bank of England Act 1946

Bank of England Act 1946 ^[a]

Act of Parliament
Parliament of the United Kingdom
Long title	An Act to bring the capital stock of the Bank of England into public ownership and bring the Bank under public control, to make provision with respect to the relations between the Treasury, the Bank of England and other banks and for purposes connected with the matters aforesaid.
Citation	9 & 10 Geo. 6. c. 27
Introduced by	Hugh Dalton (Commons) Lord Pethick-Lawrence (Lords)
Territorial extent	United Kingdom
Dates
Royal assent	14 February 1946
Commencement	1 March 1746 [b]
Other legislation
Amends	Bank of England Act 1694 Bank of England Act 1716
Repeals/revokes	Bank of England Act 1709
Amended by	Bank of England Act 1998 Statute Law (Repeals) Act 1976 Statute Law (Repeals) Act 2004 Bank of England and Financial Services Act 2016
Status: Amended
Text of statute as originally enacted
Revised text of statute as amended
Text of the Bank of England Act 1946 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.

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). This was one of a series of nationalisations by the post-war Labour government led by Clement Attlee. ^[1]

Provisions

Commencement

Section 5 of the act provided that the act would come into force on a day appointed by the treasury by statutory instruments. ^[2]

The Bank of England (Appointed Day) Order 1946 (SR&O 1946/237) provided that the act would come into force on 1 March 1946.

Bank of England (Appointed Day) Order 1946 ^[c]

Statutory Instrument
Parliament of the United Kingdom
Citation	SR&O 1946/237
Introduced by	Hugh Dalton Joseph Henderson (Commons)
Dates
Made	18 February 1946
Commencement	1 March 1946 [d]
Other legislation
Made under	Bank of England Act 1946
Status: Current legislation
Text of statute as originally enacted

See also

• Banks portal

• Bank of England Act 1716
• Bank of England Act 1998

Notes

1. Section 6.
2. Section 5. The Bank of England (Appointed Day) Order 1946.
3. Section 2.
4. Section 1.

References

1. "Bank of England Nationalised" . Retrieved 18 February 2012.
2. Britain, Great (1950). The Statutory Rules and Orders Revised: Being the Statutory Rules and Orders (other Than Those of a Local, Personal, Or Temporary Character) in Force on December 31, 1903. Vol. 3. H.M. Stationery Office. p. 29.

External links

• Text of the Bank of England Act 1946 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk .
• Text of the Bank of England Act 1946 as originally enacted or made within the United Kingdom, from legislation.gov.uk .
• Bank of England Legislation, the Charters of the Bank and related documents