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Central Banks

BOE Delays Leeds Move as Economic Crisis Slows Levelling Up Plan

The Leeds city skyline.

The Leeds city skyline.

Photographer: Anthony Devlin/Bloomberg

The Bank of England has delayed plans to move hundreds of staff from London to Leeds, as the economic turmoil slows the government’s leveling up agenda.

A spokesman said the central bank was “revisiting our plan and timetable but our presence in Leeds will continue to expand.” The BOE said in April last year that it planned to move from a small satellite office in Leeds to “a new hub” in the city.