The Prince of Wales and The Duchess of Cornwall paid a visit to the Bank of England today to hear how the Bank is supporting the national economy through the COVID-19 pandemic.
The Bank of England has measures in place to help keep firms in business and people in jobs, with the aim of minimising the longer-term damage to the economy when COVID-19 subsides.
Greeted by Bank of England Governor Andrew Bailey, The Prince and The Duchess met staff involved in the production of bank notes and viewed archive and unreleased material. Their Royal Highnesses heard about how the Bank is working to decrease its environmental impact through recycling notes into everyday objects.
The Prince and The Duchess then met with representatives of the Bank’s education and outreach programme and some of its recipients. The programme includes community forums and citizens’ panels across the UK, run in conjunction with local community groups and charities. These events allow people to tell the Bank how its decisions affect them – and hear more about what the Bank does.
The Bank has also launched a range of new educational tools for schools, alongside a school ambassador programme, supporting economics education and understanding of the role of the central bank. In the current environment, the Bank continues to run these programmes online.
To end the visit, The Prince and The Duchess joined a virtual conversation with Bank of England regional agents who called in throughout the UK.