Thanks for paying us a visit. This page explains the Bank of England Citizens’ Forum: what it is, why it matters, and how you can get involved through our panel events and online platform.

Date: Wednesday 10 August 5-6pm

Join us for an online Q&A session with our Chief Economist Huw Pill. He will answer your questions about the rising cost of living, and what the Bank is doing about it.

Register for the event

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Thanks for paying us a visit. This page explains the Bank of England Citizens’ Forum: what it is, why it matters, and how you can get involved through our panel events and online platform.

Counterfeit notes are rare, but it pays to be careful as they are worthless. 

Counterfeiters target businesses where they know that banknotes aren’t being checked properly. People trying to use counterfeit banknotes will often try to buy a low-value item using a high-value note such as a £20 note. This is so that they can get away with your stock and money from your till.

So we advise you to check notes at the point of sale. Checking banknotes is quick and easy. Find out how to check your banknotes.

If you would like to keep up-to-date with our latest banknote news, sign up for our 'Banknote Bulletin' email.

Covid-19 (Covid) has had an unprecedented impact on the UK economy. In the past, economic shocks have been amplified by household debt, as more highly indebted households cut back sharply on their spending or defaulted on their debts.

There is little evidence that – so far at least – household debt has amplified the Covid recession. Policy interventions – such as income support and payment deferrals – have supported household finances.

Payment deferral schemes in particular, also known as ‘payment holidays’, have provided significant support to many borrowers. The option to defer regular loan repayments has helped households with mortgages avoid sharp spending cuts in response to temporary reductions in their incomes.

Mortgage borrowers with payment deferrals were less likely to report a cut in spending, despite being more likely to have faced a fall in income (Chart A).

Survey evidence also suggests that many payment deferrals at the onset of the...

Vaccines are helping spending, jobs and incomes recover from the effects of Covid. The size of the UK economy is getting close to where it was before the pandemic. Unemployment is falling, although the number of people in work is lower than it was before the pandemic.

Vaccines are helping spending, jobs and incomes recover from the effects of Covid. The size of the UK economy is getting close to where it was before the pandemic. Unemployment is falling, although the number of people in work is lower than it was before the pandemic.

Vaccines are helping spending, jobs and incomes recover from the effects of Covid. The size of the UK economy is getting close to where it was before the pandemic. Unemployment is falling, although the number of people in work is lower than it was before the pandemic.

Vaccines are helping spending, jobs and incomes recover from the effects of Covid. The size of the UK economy is getting close to where it was before the pandemic. Unemployment is falling, although the number of people in work is lower than it was before the pandemic.

Vaccines are helping spending, jobs and incomes recover from the effects of Covid. The size of the UK economy is getting close to where it was before the pandemic. Unemployment is falling, although the number of people in work is lower than it was before the pandemic.

You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more

The foil is gold and green on the front and silver on the back. Within the two gold foil squares, the image changes between '50' and a '£' symbol when the note is tilted.

The foil is gold and green on the front and silver on the back. Within the two gold foil squares, the image changes between '50' and a '£' symbol when the note is tilted.

We have all been through a year like no other in recent history. While the Covid-19 (Covid) pandemic put our health and economic systems under enormous pressure, our environmental systems were afforded a brief respite. As we look ahead to a year marked by vaccinations and economic recovery, that respite may prove to be very short lived. It is therefore imperative that consumers, businesses, investors, and policymakers make informed choices that put us on the path to net zero through a green recovery. There are many challenges to solve to make this happen, but effective and widespread climate disclosure across the economy is an essential ingredient for success.

It is against this background that the Bank of England is publishing its second annual climate disclosure report, following the publication of its inaugural report in June 2020. We were one of the first central banks to make this step, and the first to include coverage of financial assets held for monetary policy...

Date: Tuesday 29 June 2021 Time: 12pm

During the session Philippe will discuss his new book, The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations, and the theories behind it.  

This event will be hosted as a webinar and registration is now open. Please note places are limited and will be issued on a first come first serve basis.  The seminar will be recorded for those who are unable to attend.  

Philippe Aghion is Professor at the Collège de France and the London School of Economics and was previously Professor of Economics at Harvard. His new book, The Power of Creative Destruction, co-authored by Céline Antonin and Simon Bunel, examines what drives economic growth and how economies can be prosperous under capitalism. It discusses the potential scientific and political tools which can be used to harness the dynamics of creative destruction and better regulate capitalism to improve the system.   ...

Date: Tuesday 29 June 2021 Time: 12pm

During the session Philippe will discuss his new book, The Power of Creative Destruction: Economic Upheaval and the Wealth of Nations, and the theories behind it.  

This event will be hosted as a webinar and registration is now open. Please note places are limited and will be issued on a first come first serve basis.  The seminar will be recorded for those who are unable to attend.  

Philippe Aghion is Professor at the Collège de France and the London School of Economics and was previously Professor of Economics at Harvard. His new book, The Power of Creative Destruction, co-authored by Céline Antonin and Simon Bunel, examines what drives economic growth and how economies can be prosperous under capitalism. It discusses the potential scientific and political tools which can be used to harness the dynamics of creative destruction and better regulate capitalism to improve the system.   ...