Bank of England 'revisits timetable' to move staff to Leeds but remains committed to the city

A Bank of England spokesperson said:"We are revisiting our plan and timetable but our presence in Leeds will continue to expand, and our intention to create a Northern Hub there remains.”“It is important that we take time to get this right, not least as post-pandemic ways of working are still being established. We are revisiting our plan and timetable but our presence in Leeds will continue to expand, and our intention to create a Northern Hub there remains.

The spokesman stressed that the Bank has already expanded its previous small office in Leeds that was used by four staff from the Yorkshire and Humber Agency. This spring, the Bank established an office from which around 30 staff currently work. This office will continue to grow and further recruitment is planned, the spokesman said

External engagement work will also continue in order to build business, community and educational links in the region, the spokesman added.

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