The Bank of England has followed the Treasury in announcing that it intends to move staff out of London with the creation of a new northern hub in Leeds. The plan coincided with an announcement that the Bank intends to close its banknote printing operation in Leeds in 2023 and concentrate the production of cash at its plant in Debden in Essex. […] It follows the announcement by the chancellor, Rishi Sunak, in last month’s budget that the Treasury would create a new campus in Darlington and make Leeds the headquarters for the UK’s new infrastructure bank. […] The Bank has had operations in Leeds since 1827 and said it was also planning to expand its presence using the agency network in other parts of the country. […] The Bank said it was too early to say how many staff would eventually work in Leeds, but that the intention was to have a substantial operation in the city.
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