place

Lothbury

London road stubsStreets in the City of LondonUse British English from January 2018
North and West Front of the Bank of England, from Lothbury Shepherd, Metropolitan Improvements (1828), p211
North and West Front of the Bank of England, from Lothbury Shepherd, Metropolitan Improvements (1828), p211

Lothbury is a short street in the City of London. It runs east–west with traffic flow in both directions, from Gresham Street's junction with Moorgate to the west, and Bartholomew Lane's junction with Throgmorton Street to the east.

Excerpt from the Wikipedia article Lothbury (License: CC BY-SA 3.0, Authors, Images).

Lothbury
Lothbury, City of London

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Wikipedia: LothburyContinue reading on Wikipedia

Geographical coordinates (GPS)

Latitude Longitude
N 51.514722222222 ° E -0.089444444444444 °
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Address

Lothbury

Lothbury
EC2R 7HD City of London
England, United Kingdom
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North and West Front of the Bank of England, from Lothbury Shepherd, Metropolitan Improvements (1828), p211
North and West Front of the Bank of England, from Lothbury Shepherd, Metropolitan Improvements (1828), p211
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Nearby Places

Lothbury tube station

Lothbury was an authorised underground railway station planned by the Great Northern & City Railway (GN&CR) but never built. It was to be located in Lothbury, in the City of London, the historic nucleus and financial centre of London. In November 1901, the GN&CR published a notice of its intention to present a private bill to Parliament seeking permission for an extension of the company's tunnels then under construction between Finsbury Park and Moorgate Street. The bill proposed a short, 270 yd (250 m), southward continuation of the line to Lothbury, which would become the southern terminus in place of Moorgate Street (now known simply as Moorgate) as originally planned. The bill received Royal Assent on 8 August 1902 as the Great Northern and City Railway Act of 1902.The station was to have been built entirely below ground, with access to the street by lift and subways to the corners of the junction where Lothbury, Gresham Street, Moorgate Street and Princes Street converge. The station was to have had five lifts, and a "moving staircase" was also proposed. One peculiarity of the scheme was that the running tunnels between Moorgate Street and Lothbury stations were to have been shorter than the platform tunnels at the two stations; meaning that the front of a full-length train would have arrived at Lothbury before the rear would have left Moorgate Street. The line could not be extended any further south due to the proximity of the City & South London Railway's tunnels under Princes Street. Work began on the Moorgate Street to Lothbury section but was abandoned almost immediately, with the tunnelling shield left in place at the end of the southbound tunnel just south of Moorgate Street.The Great Northern and City Railway Act of 1907, which received Royal Assent on 26 July 1907, granted additional time for the construction of the Lothbury extension but the money could not be raised and no further work was done.In 1913, the Metropolitan Railway (MR) purchased the GN&CR and revived the Lothbury proposal in a modified form as part of a number of plans to connect the GN&CR to the Waterloo & City Railway (W&CR) and the MR itself. When the Metropolitan Railway Act of 1913 was passed on 15 August 1913, neither of the proposals for connections were permitted, but Lothbury station was approved, again as the terminus station. In 1914, the Metropolitan Railway introduced revised proposals for its connections between the GN&CR, the Metropolitan and the Westminster and City, which removed the need for the station at Lothbury. Although these connections were never realised, the concept of a Lothbury station was not revived again.

Bank of England
Bank of England

The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of the United Kingdom, it is the world's eighth-oldest bank. It was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by the Attlee ministry.The Bank became an independent public organisation in 1998, wholly owned by the Treasury Solicitor on behalf of the government, but with independence in setting monetary policy.The Bank is one of eight banks authorised to issue banknotes in the United Kingdom, has a monopoly on the issue of banknotes in England and Wales and regulates the issue of banknotes by commercial banks in Scotland and Northern Ireland.The Bank's Monetary Policy Committee has a devolved responsibility for managing monetary policy. The Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances", but such orders must be endorsed by Parliament within 28 days. The Bank's Financial Policy Committee held its first meeting in June 2011 as a macroprudential regulator to oversee regulation of the UK's financial sector. The Bank's headquarters have been in London's main financial district, the City of London, on Threadneedle Street, since 1734. It is sometimes known as The Old Lady of Threadneedle Street, a name taken from a satirical cartoon by James Gillray in 1797. The road junction outside is known as Bank junction. As a regulator and central bank, the Bank of England has not offered consumer banking services for many years, but it still does manage some public-facing services such as exchanging superseded bank notes. Until 2016 the bank provided personal banking services as a privilege for employees.