The Living City, 1970, part 5 - Lombard Street, banks, change of bank rate at the Bank of England

The video discusses the Lombards' establishment of the first banking system in Britain during the 16th century, highlighting Lombard Street's significance. It describes the location and architectural grandeur of major bank headquarters near the Bank of England, which received its Royal Charter in 1694. The video also explains the Bank of England's influence on national financial directives and the ceremonial tradition when the Chancellor changes the bank rate.

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