Justin Walker tells the British Constitution Group annual conference on the 24th November 2012 of a little known historical fact which will collapse even further the reputation of the City of London.
This is a follow up to last Thursday's UK Column Live.
It is a private company, 100% owned by the state and all shares are held by the Treasury Solicitor. It is operationally independent from the state.
It is a nominee company - it doesn't trade - it holds assets on behalf of third parties so that when the assets are traded by the Bank, ownership is hidden. It is alleged the Queen is one such customer, but the Bank will not confirm. They have told me their customers include "other heads of state".
Where do their loyalties lie?
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