---
title: "14 Bank England Quotes by 13 authors"
description: "Browse 14 Bank England quotes by 13 authors. Discover the best Bank England sayings and thoughts."
image: "https://sms4smile.com/quotes/i/8a9/rachel-reeves-6098_bank_when-i-started-work-as-an-economist-at-t_2404102.jpg"
---

> [When I started work as an economist at the Bank of England, just six of my graduate intake of 37 were women.](https://sms4smile.com/quotes/rachel-reeves/when-i-started-work-as-an-economist-at-the-bank-of-england-just-six/)

[Rachel Reeves](https://sms4smile.com/quotes/author/rachel-reeves/)

[Image](https://sms4smile.com/quotes/i/8a9/rachel-reeves-6098_bank_when-i-started-work-as-an-economist-at-t_2404102.jpg)

> [“Whenever he gives advice it is always something as startling as an epigram, and yet as practical as the Bank of England.”](https://sms4smile.com/quotes/g-k-chesterton/whenever-he-gives-advice-it-is-always-something-as-startling-as-an/)

[G.K. Chesterton](https://sms4smile.com/quotes/author/g-k-chesterton/)

[Image](https://sms4smile.com/quotes/i/ff9/g-k-chesterton-224_phrasing_whenever-he-gives-advice-it-is-always-so_663804.jpg)

> [How is it having more control if we have a recession as the Bank of England and IFS say?](https://sms4smile.com/quotes/sadiq-khan/how-is-it-having-more-control-if-we-have-a-recession-as-the-bank-of/)

[Sadiq Khan](https://sms4smile.com/quotes/author/sadiq-khan/)

[Image](https://sms4smile.com/quotes/i/d2d/sadiq-khan-3603_customer_how-is-it-having-more-control-if-we-have_517177.jpg)

> [You are as safe with me as you would be in the Bank of England.](https://sms4smile.com/quotes/robert-maxwell/you-are-as-safe-with-me-as-you-would-be-in-the-bank-of-england/)

[Robert Maxwell](https://sms4smile.com/quotes/author/robert-maxwell/)

[Image](https://sms4smile.com/quotes/i/79e/robert-maxwell-48196_england_you-are-as-safe-with-me-as-you-would-be_1606828.jpg)

> [When I worked at the Bank of England, I learnt a very simple lesson: your sums must always add up.](https://sms4smile.com/quotes/rachel-reeves/when-i-worked-at-the-bank-of-england-i-learnt-a-very-simple-lesson/)

[Rachel Reeves](https://sms4smile.com/quotes/author/rachel-reeves/)

[Image](https://sms4smile.com/quotes/i/d2d/rachel-reeves-6098_always_when-i-worked-at-the-bank-of-england-i-l_122255.jpg)

> [“If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds,…](https://sms4smile.com/quotes/philippe-ri-s/if-you-owe-ten-pounds-to-the-bank-of-england-you-get-thrown-in-jail/)

[Philippe Riès](https://sms4smile.com/quotes/author/philippe-ri-s/)

[Image](https://sms4smile.com/quotes/i/891/philippe-ri-s-269711_bank_if-you-owe-ten-pounds-to-the-bank-of-eng_2943824.jpg)

> [I know of only three people who really understand money. A professor at another university. One of my students. And a rather…](https://sms4smile.com/quotes/john-maynard-keynes/i-know-of-only-three-people-who-really-understand-money-a-professor/)

[John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/)

[Image](https://sms4smile.com/quotes/i/1fd/john-maynard-keynes-1380_bank_i-know-of-only-three-people-who-really-u_1451370.png)

> [The historian assesses that the investment of the wealthy classes in the Bank of England wedded them to the fate of the…](https://sms4smile.com/quotes/walter-russell-mead/the-historian-assesses-that-the-investment-of-the-wealthy-classes-in/)

[Walter Russell Mead](https://sms4smile.com/quotes/author/walter-russell-mead/)

[Image](https://sms4smile.com/quotes/i/7d1/walter-russell-mead-31750_class_the-historian-assesses-that-the-investme_3213463.jpg)

> [An overview of all wars since the establishment of the Bank of England in 1694 suggests that most of them would have…](https://sms4smile.com/quotes/g-edward-griffin/an-overview-of-all-wars-since-the-establishment-of-the-bank-of/)

[G. Edward Griffin](https://sms4smile.com/quotes/author/g-edward-griffin/)

[Image](https://sms4smile.com/quotes/i/20f/g-edward-griffin-9084_bank_an-overview-of-all-wars-since-the-establ_1573747.jpg)

> [According to the Bank of England the economy is growing too fast so interest rates must rise to counter the supposed inflationary…](https://sms4smile.com/quotes/harry-enfield/according-to-the-bank-of-england-the-economy-is-growing-too-fast-so/)

[Harry Enfield](https://sms4smile.com/quotes/author/harry-enfield/)

[Image](https://sms4smile.com/quotes/i/500/harry-enfield-4941_customer_according-to-the-bank-of-england-the-eco_1158325.png)

> [ He \[Stanley Matthews\] told me that he used to play for just twenty pounds a week. Today he would be worth all… ](https://sms4smile.com/quotes/gianfranco-zola/he-stanley-matthews-told-me-that-he-used-to-play-for-just-twenty/)

[Gianfranco Zola](https://sms4smile.com/quotes/author/gianfranco-zola/)

[Image](https://sms4smile.com/quotes/i/708/gianfranco-zola-4757_england_he-stanley-matthews-told-me-that-he-used_1339405.png)

> [We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as…](https://sms4smile.com/quotes/john-redwood/we-think-it-would-be-safer-if-the-bank-of-england-had-responsibility/)

[John Redwood](https://sms4smile.com/quotes/author/john-redwood/)

[Image](https://sms4smile.com/quotes/i/0e1/john-redwood-12802_bank_we-think-it-would-be-safer-if-the-bank-o_2373439.jpg)

> [Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their…](https://sms4smile.com/quotes/vince-cable/housing-associations-have-fingered-the-fact-that-they-cannot-use/)

[Vince Cable](https://sms4smile.com/quotes/author/vince-cable/)

[Image](https://sms4smile.com/quotes/i/485/vince-cable-10688_assets_housing-associations-have-fingered-the-f_1549310.png)

> [“In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694,…](https://sms4smile.com/quotes/david-graeber/in-fact-this-is-precisely-the-logic-on-which-the-bank-of-england-the/)

[David Graeber](https://sms4smile.com/quotes/author/david-graeber/)

[Image](https://sms4smile.com/quotes/i/eef/david-graeber-4667_banking_in-fact-this-is-precisely-the-logic-on-w_1956412.png)

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                        "text": "We think it would be safer if the Bank of England had responsibility for solvency regulation of UK-based banks, as well as having an overall duty to keep the system solvent. Otherwise, there could be dangerous delays if a banking crisis did hit.",
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                        "text": "Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.",
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                        "text": "“In fact this is precisely the logic on which the Bank of England—the first successful modern central bank—was originally founded. In 1694, a consortium of English bankers made a loan of £1,200,000 to the king. In return they received a royal monopoly on the issuance of banknotes. What this meant in practice was they had the right to advance IOUs for a portion of the money the king now owed them to any inhabitant of the kingdom willing to borrow from them, or willing to deposit their own money in the bank—in effect, to circulate or \"monetize\" the newly created royal debt. This was a great deal for the bankers (they got to charge the king 8 percent annual interest for the original loan and simultaneously charge interest on the same money to the clients who borrowed it) , but it only worked as long as the original loan remained outstanding. To this day, this loan has never been paid back. It cannot be. If it ever were, the entire monetary system of Great Britain would cease to exist.”",
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