October 21, 2009 - The combined fund account of the government is managed by the Bank of England, who provides their banking services for the government. Apart from acting as a banker for the government, it also handles the gold reserves, and foreign exchange of England. The bank of England is the hub of all banks, and it is the last option for borrowers to get money. It also has full rights to issue banknotes since the Bank Charter Act in 1844, solved the matter of gold reserves with bank notes.....
