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.
| Act of Parliament | |
| 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 |
| Other legislation | |
| Amends |
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| Repeals/revokes | Bank of England Act 1709 |
| Amended by |
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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| Text of statute as originally enacted | |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. | |
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.
The Bank of England (Appointed Day) Order 1946 (SR&O 1946/237) provided that the act would come into force on 1 March 1946.
| Statutory Instrument | |
| Citation | SR&O 1946/237 |
|---|---|
| Introduced by |
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| Dates | |
| Made | 18 February 1946 |
| Commencement | 1 March 1946 |
| Other legislation | |
| Made under | Bank of England Act 1946 |
Status: Current legislation | |
| Text of statute as originally enacted | |
See also
- Bank of England Act 1716
- Bank of England Act 1998
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