- published: 27 Jun 2013
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The Bank of England (formally the Governor and Company of the Bank of England) is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694, it is the second oldest central bank in the world (the oldest being the Sveriges Riksbank (Bank of Sweden), established in 1668). It was established to act as the English Government's banker, and to this day it still acts as the banker for HM Government. The Bank was privately owned and operated from its foundation in 1694. It was subordinated to the Treasury after 1931 in making policy and was nationalised in 1946.
In 1998, it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the Government, with independence in setting monetary policy.
The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, but has a monopoly on the issue of banknotes in England and Wales and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland.
England i/ˈɪŋɡlənd/ is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, while the North Sea to the east and the English Channel to the south separate it from continental Europe. Most of England comprises the central and southern part of the island of Great Britain in the North Atlantic. The country also includes over 100 smaller islands such as the Isles of Scilly and the Isle of Wight.
The area now called England was first inhabited by modern humans during the Upper Palaeolithic period, but it takes its name from the Angles, one of the Germanic tribes who settled during the 5th and 6th centuries. England became a unified state in AD 927, and since the Age of Discovery, which began during the 15th century, has had a significant cultural and legal impact on the wider world. The English language, the Anglican Church, and English law—the basis for the common law legal systems of many other countries around the world—developed in England, and the country's parliamentary system of government has been widely adopted by other nations. The Industrial Revolution began in 18th-century England, transforming its society into the world's first industrialised nation. England's Royal Society laid the foundations of modern experimental science.
Enter Shikari are a British rock/hardcore group that combine post-hardcore and various heavy metal sub-genres such as metalcore and alternative metal with elements of various electronic genres such as electronica, dubstep, trance and occasionally drum and bass creating a very strong electronicore sound, formed in 2003 in St Albans, Hertfordshire. The band is named after a boat belonging to Roughton "Rou" Reynolds' uncle, and a character in a play which he wrote before forming the band, both of which are named Shikari. Shikari also means 'Hunter' in Marathi, Persian, Hindi, Nepali, Urdu, Punjabi and Bengali. Their debut album, Take to the Skies was released on 19 March 2007 and reached #4 in the Official UK Album Chart. Their second album, titled Common Dreads, was released on 15 June 2009 and debuted on the UK Albums Chart at 16. Their third studio album, A Flash Flood of Colour was released on 16 January 2012 and was positioned at the top of the UK Album Chart for almost its entire week of release, however it eventually debuted on the chart at 4. The band are currently embarking on the A Flash Flood of Colour World Tour.