the failure of Slater Walker – Bank Underground
David Rule
In August 1977, the Bank of England purchased the bank Slater Walker Limited, completing its rescue. The bank had been a subsidiary...
the quiet legacy of the Bank of England Act 1946 – Bank Underground
Andrew Hewitt
Sunday 1 March 2026 was the 80th anniversary of the Bank’s coming into public ownership, following the Bank of England Act 1946....
what is Bitcoin worth as a medium of exchange? – Bank Underground
John Lewis
The recent near halving of Bitcoin’s price has reignited debate about its true value. As a store of value, net present value...
Agentic commerce and the battleground for new payments infrastructure – Bank Underground
Prem Munday
Agentic commerce, where artificial intelligence (AI) systems act on behalf of users to find products, negotiate purchases, and execute payments, is developing...
Financial markets point to very data-dependent monetary policy – Bank Underground
Nades Raviraj and Danny Walker
Big and uncertain shocks have pushed UK inflation above the 2% inflation target over the past few years. How...
Climate change increases bilateral trade costs (through its impact on maritime shipping) – Bank Underground
Maximilian Huppertz
It is well established that climate change affects productivity, but its effects on trade costs have not been studied. Ignoring these and...