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97-715: British Invisibles itself originated in the Committee on Invisible Exports , set up in April 1968 by the Bank of England and then became the British Invisible Exports Council . It was largely the idea of Cyril Kleinwort who realised that the government was paying much attention to the UK's balance of trade in goods, but little to the UK's invisible earnings from services. In 1984 Patrick Pery, 6th Earl of Limerick had become Chairman of

194-563: A COVID-19 vaccine in February 2021. Charles attended the November 2021 ceremonies to mark Barbados's transition into a parliamentary republic , abolishing the position of monarch of Barbados . He was invited by Prime Minister Mia Mottley as the future Head of the Commonwealth; it was the first time that a member of the royal family attended the transition of a realm to a republic. In May of

291-498: A "significant moment for Anglo-Irish relations ". Commonwealth heads of government decided at their 2018 meeting that Charles would be the next Head of the Commonwealth after the Queen. The head is chosen and therefore not hereditary. In March 2019, at the request of the British government, Charles and Camilla went on an official tour of Cuba, making them the first British royals to visit

388-618: A biannual Financial Stability Report. The bank provides wholesale banking services to the UK Government (and to over a hundred overseas central banks). It manages the UK's Exchange Equalisation Account on behalf of HM Treasury and it maintains the government's Consolidated Fund account. It also manages the country's foreign exchange reserves and is custodian of the UK's (and others') gold reserves . The bank also offers 'liquidity support and other services to banks and other financial institutions'. Commercial banks customarily keep

485-404: A break for tea at 5:00 p.m. and eats dinner at 8:30 p.m., returning to work until midnight or after. Ahead of Christmas dinner in 2022, Charles confirmed to animal rights group PETA that foie gras would not be served at any royal residences; he had stopped the use of foie gras at his own properties for more than a decade before becoming king. During a September 2023 state banquet at

582-405: A civil ceremony at Windsor Castle , with a subsequent religious blessing at the castle's St George's Chapel . The wedding venue was changed to Windsor Guildhall after it was realised a civil marriage at Windsor Castle would oblige the venue to be available to anyone who wished to be married there. Four days before the event, it was postponed from the originally scheduled date of 8 April until

679-465: A joint visit would concentrate media attention on the cousins before they could decide on becoming a couple. In August 1979, before Charles would depart alone for India, Mountbatten was assassinated by the Irish Republican Army . When Charles returned, he proposed to Amanda. But in addition to her grandfather, she had lost her paternal grandmother and younger brother in the bomb attack and

776-597: A membership drawn from across the spectrum of the UK's financial and related business services, including trade and professional associations, exchanges, the Bank of England , the City of London Corporation and leading international financial service companies that based in London. IFSL also worked closely with Government departments, including UK Trade & Investment , the Department for Business, Innovation and Skills , HM Treasury, and

873-512: A new Deputy Chief Executive, Henrietta Royle. Charlie Haswell joined the executive team, and later the Board, on secondment from the Foreign and Commonwealth Office to develop links with British Embassies and High Commissions around the world. The company was a membership organisation and focused on running promotional events abroad for its members (primarily in the emerging markets), undertaking research on

970-541: A parachute training course at RAF Brize Norton two years later, after being appointed colonel-in-chief of the Parachute Regiment in 1977. Charles gave up flying after crash-landing a BAe 146 in Islay in 1994, as a passenger who was invited to fly the aircraft; the crew was found negligent by a board of inquiry. In his youth, Charles was amorously linked to a number of women. His girlfriends included Georgiana Russell,

1067-567: A privilege for employees. Previously, the bank had maintained private and commercial accounts for all sorts of customers, including individuals, small businesses and public organisations; but a change of policy following the First World War saw the bank increasingly withdraw from this type of business to focus more clearly on its central banking role. During the Nine Years' War , the Royal Navy

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1164-497: A prominent critic of the adoption of genetically modified food , while his support for alternative medicine has been criticised. He has authored or co-authored 17 books . Charles became king upon his mother's death in 2022. At the age of 73, he was the oldest person to accede to the British throne, after having been the longest-serving heir apparent and Prince of Wales in British history. Significant events in his reign have included his coronation in 2023 and his cancer diagnosis

1261-413: A relationship with Major James Hewitt , the family's former riding instructor. Charles and Diana's evident discomfort in each other's company led to them being dubbed " The Glums " by the press. Diana exposed Charles's affair with Parker Bowles in a book by Andrew Morton, Diana: Her True Story . Audio tapes of her own extramarital flirtations also surfaced, as did persistent suggestions that Hewitt

1358-462: A result of injuries sustained in a car crash the following year. In 2005, Charles married his long-term partner, Camilla Parker Bowles . As heir apparent, Charles undertook official duties and engagements on behalf of his mother. He founded the Prince's Trust in 1976, sponsored the Prince's Charities , and became patron or president of more than 800 other charities and organisations. He advocated for

1455-483: A shot with a .22 rifle at the Queen in 1981, attempted to escape a psychiatric hospital in order to assassinate Charles, who was visiting New Zealand with Diana and William. While Charles was visiting Australia on Australia Day in January 1994, David Kang fired two shots at him from a starting pistol in protest of the treatment of several hundred Cambodian asylum seekers held in detention camps. In 1995, Charles became

1552-465: A sizeable proportion of their cash reserves on deposit at the Bank of England. These central bank reserves are used by the banks to settle payments with one another; (for this reason the Bank of England is sometimes called 'the bankers' bank'). In exceptional circumstances, the Bank may act as the lender of last resort by extending credit when no other institution will. As a regulator and central bank,

1649-557: A speech at the state banquet, he acknowledged "abhorrent and unjustifiable acts of violence", but did not formally apologise. In May 2024, the British prime minister Rishi Sunak asked the King to call a general election ; subsequently royal engagements which could divert attention from the election campaign were postponed. In June 2024, Charles and Camilla travelled to Normandy to attend the 80th anniversary commemorations of D-Day . The same month, he received Emperor Naruhito of Japan during

1746-407: A statutory regulator . The bank's headquarters have been in London's main financial district, the City of London , since 1694, and 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 . The bank, among other things, is custodian to

1843-420: A suitable, attractive, and sweet-charactered girl before she has met anyone else she might fall for ... It is disturbing for women to have experiences if they have to remain on a pedestal after marriage". Early in 1974, Mountbatten began corresponding with 25-year-old Charles about a potential marriage to Amanda Knatchbull , Mountbatten's granddaughter. Charles wrote to Amanda's mother, Lady Brabourne , who

1940-591: A week of engagements each summer, and attending important national occasions, such as opening the Senedd . The six trustees of the Royal Collection Trust met three times a year under his chairmanship. Charles also represented his mother at the independence celebrations in Fiji in 1970, The Bahamas in 1973, Papua New Guinea in 1975, Zimbabwe in 1980, and Brunei in 1984. In 1983 Christopher John Lewis , who had fired

2037-555: Is King of the United Kingdom and the 14 other Commonwealth realms . Charles was born in Buckingham Palace during the reign of his maternal grandfather, King George VI , and became heir apparent when his mother, Queen Elizabeth II , acceded to the throne in 1952. He was created Prince of Wales in 1958 and his investiture was held in 1969. He was educated at Cheam School and Gordonstoun , and later spent six months at

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2134-496: Is Prince Harry's father, based on a physical similarity between Hewitt and Harry. However, Harry had already been born by the time Diana's affair with Hewitt began. In December 1992, John Major announced the couple's legal separation in the House of Commons . Early the following year, the British press published transcripts of a passionate, bugged telephone conversation between Charles and Parker Bowles that had taken place in 1989, which

2231-413: Is empowered to act in the event of a bank failure 'to protect the UK's vital financial services and financial stability'. Between 1715 and 1998, the Bank of England managed Government Stocks (which formed the bulk of the national debt ): the bank was responsible for issuing stocks to stockholders, paying dividends and maintaining a register of transfers; however in 1998, following the decision to grant

2328-734: Is missed the Governor is required to write an open letter to the Chancellor of the Exchequer explaining the situation and proposing remedies. Other than setting the base interest rate, the main tool at the bank's disposal in this regard is quantitative easing . The bank has a monopoly on the issue of banknotes in England and Wales and regulates the issuance of banknotes by commercial banks in Scotland and Northern Ireland. (Scottish and Northern Irish banks retain

2425-586: 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 debt manager, and still one of the bankers for the Government of the United Kingdom , it is the world's eighth-oldest bank . The bank was privately owned by stockholders from its foundation in 1694 until it was nationalised in 1946 by

2522-544: The Attlee ministry . In 1998 it became an independent public organisation, wholly owned by the Treasury Solicitor on behalf of the government, with a mandate to support the economic policies of the government of the day, but independence in maintaining price stability. In the 21st century the bank took on increased responsibility for maintaining and monitoring financial stability in the UK, and it increasingly functions as

2619-672: The British Armed Forces . In October 1967, he was admitted to Trinity College, Cambridge , where he studied archaeology and anthropology for the first part of the Tripos and then switched to history for the second part. During his second year, he attended the University College of Wales in Aberystwyth , studying Welsh history and the Welsh language for one term. Charles became

2716-539: The Metropolitan Police inquiry team as a part of Operation Paget , Charles told the authorities that he did not know about his former wife's note from 1995 and could not understand why she had those feelings. In 1999 Charles and Parker Bowles made their first public appearance as a couple at the Ritz London Hotel , and she moved into Charles's official residence, Clarence House , in 2003. Their engagement

2813-532: The Office for National Statistics . IFSL promoted the international activities of UK-based financial institutions, through business events in the UK and worldwide. Through its Liberalisation of Trade In Services ( LOTIS ) Committee, IFSL brought together government and the industry in working for the removal of barriers to trade in financial services. It also promoted public-private partnerships (PPPs), which involve large quantities of private finance. Its last chairman

2910-624: The Palace of Versailles , it was reported that he did not want foie gras or out-of-season asparagus on the menu. Instead he was served lobster. Since founding the Prince's Trust in 1976, using his £7,500 of severance pay from the Navy, Charles has established 16 more charitable organisations and now serves as president of each. Together, they form a loose alliance, the Prince's Charities , which describes itself as "the largest multi-cause charitable enterprise in

3007-664: The Royal Maundy at Worcester Cathedral . He made his first major public appearance since his cancer diagnosis at the Easter service held at St George's Chapel, Windsor Castle , on 31 March. In April 2024, it was announced that he would resume public-facing duties after making progress in his cancer treatment. As early as 1985, Charles was questioning meat consumption. In the 1985 Royal Special television programme , he told host Alastair Burnet that "I actually now don't eat as much meat as I used to. I eat more fish." He also pointed out

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3104-641: The Timbertop campus of Geelong Grammar School in Victoria, Australia. After completing a history degree from the University of Cambridge , Charles served in the Royal Air Force and the Royal Navy from 1971 to 1976. In 1981, he married Lady Diana Spencer . They had two sons, William and Harry . Charles and Diana divorced in 1996, after they had each engaged in well-publicised extramarital affairs. Diana died as

3201-414: The bank rate ), which is decided by the bank's Monetary Policy Committee (MPC). (The MPC has devolved responsibility for managing monetary policy ; HM Treasury has reserve powers to give orders to the committee "if they are required in the public interest and by extreme economic circumstances", but Parliament must endorse such orders within 28 days.) As of 2024 the inflation target is 2%; if this target

3298-539: The "wider public good" rather than as extra funding for the monarchy. It was announced that the funding of the monarchy would be reduced to 12 per cent of the Crown Estate 's net profits. Charles and Camilla have engaged in three state visits and received three. In November 2022 they hosted the South African president, Cyril Ramaphosa , during the first official state visit to Britain of Charles's reign. In March

3395-571: The 1998 International Day for the Elimination of Racial Discrimination . Charles was one of the first public figures to express strong concerns about the human rights record of the Romanian dictator Nicolae Ceaușescu , initiating objections in the international arena, and subsequently supported the FARA Foundation, a charity for Romanian orphans and abandoned children. Two of Charles's charities,

3492-532: 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 2017, Bank staff were entitled to open current accounts directly with the Bank of England and were given the unique sort code of 10-00-00. Under the terms of the Banking Act 2009 the bank is the UK's Resolution Authority for any bank or building society judged ' too big to fail '; as such it

3589-475: The British throne, at the age of 73. The previous record holder, William IV , was 64 when he became king in 1830. Charles gave his first speech to the nation at 6 pm on 9 September, in which he paid tribute to his mother and announced the appointment of his elder son, William, as Prince of Wales. The following day, the Accession Council publicly proclaimed Charles as king, the ceremony being televised for

3686-599: The Debt Management Office and custodian of its securities . Ever since its foundation in 1694, the bank had provided a retail banking service for the Government; however in 2008 it decided to withdraw from offering these services, which are now provided by a range of other financial institutions and managed by the Government Banking Service . Until 2016, the bank provided personal banking services as

3783-603: The English government to borrow the £1.5m that it wanted to use to expand the Royal Navy. In 1691, William Paterson had proposed establishing a national bank as a means of bolstering public finances. As he later wrote in his pamphlet A Brief Account of the Intended Bank of England (1694): "...it was proposed some years ago that a publick transferrable Fund of Interest should be established by Parliament, and made convenient for

3880-489: The King and Queen toured Australia and Samoa; it was their first visit to a Commonwealth realm since his accession. In Samoa, Charles attended the Commonwealth Heads of Government Meeting for the first time as head of the Commonwealth. The tour was significantly scaled back owing to his cancer diagnosis, a planned visit to New Zealand being among the cancelled events. Charles temporarily paused cancer treatment during

3977-466: The Prince's Foundation and the Prince of Wales's Charitable Fund (later renamed the King's Foundation and King Charles III Charitable Fund, respectively), came under scrutiny in 2021 and 2022 for accepting donations the media deemed inappropriate. In August 2021, it was announced that the Prince's Foundation was launching an investigation into the reports, with Charles's support. The Charity Commission also launched an investigation into allegations that

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4074-542: The Prince's Trust in 1976 and travelling to the United States in 1981. In the mid-1970s, he expressed an interest in serving as governor-general of Australia , at the suggestion of Australian prime minister Malcolm Fraser ; however, because of a lack of public enthusiasm, nothing came of the proposal. In reaction, Charles commented, "so, what are you supposed to think when you are prepared to do something to help and you are just told you're not wanted?" Charles served in

4171-623: The Queen in December 1995 to end the marriage. The couple shared custody of their children. Diana was killed in a car crash in Paris on 31 August 1997. Charles flew to Paris with Diana's sisters to accompany her body back to Britain. In 2003 Diana's butler Paul Burrell published a note that he claimed had been written by Diana in 1995, in which there were allegations that Charles was "planning 'an accident' in [Diana's] car, brake failure and serious head injury", so that he could remarry. When questioned by

4268-719: The Receipts and Payments in and about the Cities of London and Westminster; and to constitute a Society of Money'd Men for the government thereof, who should be induced by their Interest to exchange for Money the Assignments upon the Fund, at every demand". While his scheme was not immediately acted upon, it did provide the basis for the bank's first Charter and the legislation which made its establishment possible. Charles III Charles III (Charles Philip Arthur George; born 14 November 1948)

4365-593: The Republic of Ireland in May 2015. The British Embassy called the trip an important step in "promoting peace and reconciliation". During the trip, he shook hands in Galway with Gerry Adams , leader of Sinn Féin and widely believed to be the leader of the IRA , the militant group that had assassinated Lord Mountbatten in 1979. The event was described by the media as a "historic handshake" and

4462-761: The Royal Air Force (RAF) and the Royal Navy. During his second year at Cambridge, he received Royal Air Force training, learning to fly the Chipmunk aircraft with the Cambridge University Air Squadron , and was presented with his RAF wings in August 1971. After the passing-out parade that September, Charles embarked on a naval career and enrolled in a six-week course at the Royal Naval College Dartmouth . He then served from 1971 to 1972 on

4559-407: The UK's savers, investors and borrowers against threats to the financial system as a whole. Threats are detected by the bank's surveillance and market intelligence functions, and dealt with through financial and other operations (both at home and abroad). The majority of these safeguards were put in place in after the 2007–2008 financial crisis : In 2011 the bank's Prudential Regulation Authority

4656-401: The United Kingdom, raising over £100 million annually ... [and is] active across a broad range of areas including education and young people, environmental sustainability, the built environment, responsible business and enterprise, and international". As Prince of Wales, Charles became patron or president of over 800 other charities and organisations. The Prince's Charities Canada

4753-448: The bank operational independence, responsibility for government debt management was transferred to a new Debt Management Office , which also took over Exchequer cash management and responsibility for issuing Treasury bills from the bank in 2000. Computershare took over as the registrar for UK Government bonds ( gilt-edged securities or 'gilts') from the bank at the end of 2004. The bank, however, continues to act as settlement agent for

4850-402: The code name Operation Golden Orb . Reports before his accession suggested that Charles's coronation would be simpler than his mother's in 1953, with the ceremony expected to be "shorter, smaller, less expensive, and more representative of different faiths and community groups – falling in line with the King's wish to reflect the ethnic diversity of modern Britain". Nonetheless,

4947-446: The conservation of historic buildings and the importance of traditional architecture in society. In that vein, he generated the experimental new town of Poundbury . An environmentalist, Charles supported organic farming and action to prevent climate change during his time as the manager of the Duchy of Cornwall estates, earning him awards and recognition as well as criticism; he is also

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5044-520: The coronation was a Church of England rite, including the coronation oath , the anointment , delivery of the orb , and enthronement . In July that year, the royal couple attended a national service of thanksgiving where Charles was presented with the Honours of Scotland in St Giles' Cathedral . In July 2023, Charles asked for the profits from Britain's growing fleet of offshore windfarms to be used for

5141-542: The country. The tour was seen as an effort to form a closer relationship between Cuba and the United Kingdom. Charles contracted COVID-19 during the pandemic in March 2020. Several newspapers were critical that Charles and Camilla were tested promptly at a time when many NHS doctors, nurses and patients had been unable to be tested expeditiously. He tested positive for COVID-19 for a second time in February 2022. He and Camilla, who also tested positive, had received doses of

5238-514: The couple's continuing courtship attracted intense attention from the press and paparazzi. When Charles's father told him that the media speculation would injure Diana's reputation if Charles did not come to a decision about marrying her soon, and realising that she was a suitable royal bride (according to Mountbatten's criteria), Charles construed his father's advice as a warning to proceed without further delay. He proposed to Diana in February 1981, with their engagement becoming official on 24 February;

5335-613: The couple's incompatibility and near 13-year age difference. In 1986, Charles had fully resumed his affair with Camilla Parker Bowles. In a videotape recorded by Peter Settelen in 1992, Diana admitted that, from 1985 to 1986, she had been "deeply in love with someone who worked in this environment." It was assumed that she was referring to Barry Mannakee , who had been transferred to the Diplomatic Protection Squad in 1986, after his managers determined his relationship with Diana had been inappropriate. Diana later commenced

5432-562: The current Zimbabwean regime abhorrent". Charles represented the Queen at the opening ceremony of the 2010 Commonwealth Games in Delhi, India. In November 2010, he and Camilla were indirectly involved in student protests when their car was attacked by protesters. In November 2013, he represented the Queen for the first time at a Commonwealth Heads of Government Meeting , in Colombo , Sri Lanka. Charles and Camilla made their first joint trip to

5529-466: The daughter of Sir John Russell , who was the British ambassador to Spain ; Lady Jane Wellesley , the daughter of the 8th Duke of Wellington ; Davina Sheffield; Lady Sarah Spencer ; and Camilla Shand , who later became his second wife. Charles's great-uncle Lord Mountbatten advised him to "sow his wild oats and have as many affairs as he can before settling down", but, for a wife, he "should choose

5626-1028: The donations meant for the Prince's Foundation had been instead sent to the Mahfouz Foundation. In February 2022, the Metropolitan Police launched an investigation into the cash-for-honours allegations linked to the foundation, passing their evidence to the Crown Prosecution Service for deliberation in October. In August 2023, the Metropolitan Police announced that they had concluded their investigations and no further actions would be taken. The Times reported in June 2022 that, between 2011 and 2015, Charles accepted €3 million in cash from Qatari prime minister Hamad bin Jassim bin Jaber Al Thani . There

5723-431: The first British heir apparent to earn a university degree, graduating in June 1970 from the University of Cambridge with a 2:2 Bachelor of Arts (BA) degree. Following standard practice, in August 1975, his Bachelor of Arts was promoted to a Master of Arts (MA Cantab) degree. Charles was created Prince of Wales and Earl of Chester on 26 July 1958, though his investiture was not held until 1 July 1969, when he

5820-470: The first member of the royal family to visit the Republic of Ireland in an official capacity. In 1997, he represented the Queen at the Hong Kong handover ceremony . At the funeral of Pope John Paul II in 2005, Charles caused controversy when he shook hands with the president of Zimbabwe , Robert Mugabe , who had been seated next to him. Charles's office subsequently released a statement saying that he could not avoid shaking Mugabe's hand and that he "finds

5917-569: The first time. Attendees included Queen Camilla, Prince William, and the British prime minister, Liz Truss , along with her six living predecessors. The proclamation was also read out by local authorities around the United Kingdom. Other realms signed and read their own proclamations, as did Scotland, Wales, Northern Ireland, the British Overseas Territories , the Crown Dependencies , Canadian provinces , and Australian states . Charles and Camilla's coronation took place at Westminster Abbey on 6 May 2023. Plans had been made for many years, under

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6014-475: The following day in order to allow Charles and some of the invited dignitaries to attend the funeral of Pope John Paul II . Charles's parents did not attend the marriage ceremony; the Queen's reluctance to attend possibly arose from her position as Supreme Governor of the Church of England . However, his parents did attend the service of blessing and held a reception for the newlyweds at Windsor Castle. The blessing by Archbishop of Canterbury Rowan Williams

6111-416: The following year, Charles attended the State Opening of the British Parliament , delivering the Queen's Speech on behalf of his mother, as a counsellor of state . Charles acceded to the British throne on his mother's death on 8 September 2022. He was the longest-serving British heir apparent , having surpassed Edward VII's record of 59 years on 20 April 2011. Charles was the oldest person to succeed to

6208-410: The following year, the King and Queen embarked on a state visit to Germany; Charles became the first British monarch to address the Bundestag . Similarly, in September, he became the first British monarch to give a speech from France's Senate chamber during his state visit to the country . The following month, Charles visited Kenya where he faced pressure to apologise for British colonial actions. In

6305-513: The following year, the latter of which temporarily suspended planned public engagements. Charles was born at 21:14 ( GMT ) on 14 November 1948, during the reign of his maternal grandfather, King George VI , as the first child of Princess Elizabeth, Duchess of Edinburgh (later Queen Elizabeth II), and Philip, Duke of Edinburgh . He was delivered by Caesarean section at Buckingham Palace. His parents had three more children, Anne (born 1950), Andrew (born 1960) and Edward (born 1964). He

6402-428: The funeral of his great-uncle Lord Mountbatten. Soon, according to Dimbleby, "without any apparent surge in feeling, he began to think seriously of her as a potential bride" and she accompanied him on visits to Balmoral Castle and Sandringham House . Charles's cousin Norton Knatchbull and his wife told Charles that Diana appeared awestruck by his position and that he did not seem to be in love with her. Meanwhile,

6499-473: The guided-missile destroyer HMS  Norfolk and the frigates HMS  Minerva , from 1972 to 1973, and HMS  Jupiter in 1974. That same year, he also qualified as a helicopter pilot at RNAS Yeovilton and subsequently joined 845 Naval Air Squadron , operating from HMS  Hermes . Charles spent his last 10 months of active service in the Navy commanding the coastal minehunter HMS  Bronington , beginning on 9 February 1976. He took part in

6596-402: The independent organisation representing the UK financial services industry internationally, has merged its activities, staff and business membership into TheCityUK , the new promotional body for the UK-based industry. TheCityUK is continuing IFSL's work of promoting the industry around the world, influencing trade policy and regulation, and publishing definitive research on the sector. IFSL had

6693-399: The latter's state visit to the United Kingdom. In July the annual Holyrood Week, which is usually spent in Scotland, was shortened so that Charles could return to London and appoint a new prime minister following the general election. After Sunak's Conservatives lost the election to the Labour Party led by Sir Keir Starmer , Charles appointed Starmer as prime minister. In October 2024,

6790-516: The most enjoyable part of his whole education. Upon his return to Gordonstoun, he emulated his father in becoming head boy , and left in 1967 with six GCE O-levels and two A-levels in history and French, at grades B and C respectively. On his education, Charles later remarked, "I didn't enjoy school as much as I might have; but, that was only because I'm happier at home than anywhere else". Charles broke royal tradition when he proceeded straight to university after his A-levels, rather than joining

6887-529: The north-east of Scotland, beginning classes there in April 1962. He later became patron of Gordonstoun in May 2024. In his 1994 authorised biography by Jonathan Dimbleby , Charles's parents were described as physically and emotionally distant and Philip was blamed for his disregard of Charles's sensitive nature, including forcing him to attend Gordonstoun, where he was bullied. Though Charles reportedly described Gordonstoun, noted for its especially rigorous curriculum, as " Colditz in kilts ", he later praised

6984-408: The official gold reserves of the United Kingdom (and those of around 30 other countries). As of April 2016 , the bank held around 5,134 tonnes (5,659 tons) of gold, worth £141 billion. These estimates suggest that the vault could hold as much as 3% of the 171,300 tonnes of gold mined throughout human history. According to its strapline , the bank's core purpose is 'promoting the good of

7081-484: The organisation by which time invisible earnings were accounting for a third of the UK's earnings. He stayed until 1991. On 19 October 1990 the organisation (registered as a company) became British Invisibles . In January 1998 it merged with CEENET, a company set up by the Corporation of London to promote financial services to Eastern Europe, and re-branded itself as BI. It acquired a new Chief Executive, Jeremy Seddon, and

7178-412: The people of the United Kingdom by maintaining monetary and financial stability'. This is achieved in a variety of ways: Stable prices and secure forms of payment are the two main criteria for monetary stability. Stable prices are maintained by seeking to ensure that price increases meet the Government's inflation target. The bank aims to meet this target by adjusting the base interest rate (known as

7275-470: The performance of the financial services industry and providing the secretariat for financial services lobbying in the WTO. BI became known as IFSL on 1 February 2001. Invisibles historically have consisted of services (financial and legal), investment income and transfers. The organisation has in the past published The City Table , giving the order of financial services companies. With effect from 1 June 2010 IFSL,

7372-507: The right to issue their own banknotes, but they must be backed one-for-one with deposits at the bank, excepting a few million pounds representing the value of notes they had in circulation in 1845.) In addition the bank supervises other payment systems , acting as a settlement agent and operating Real-time gross settlement systems including CHAPS . In 2024 the bank was settling around £500 billion worth of payments between banks each day. Maintaining financial stability involves protecting

7469-511: The school, stating it had taught him "a great deal about myself and my own abilities and disabilities". He said in a 1975 interview he was "glad" he had attended Gordonstoun and that the "toughness of the place" was "much exaggerated". In 1966 Charles spent two terms at the Timbertop campus of Geelong Grammar School in Victoria, Australia, during which time he visited Papua New Guinea on a school trip with his history tutor, Michael Collins Persse. In 1973 Charles described his time at Timbertop as

7566-458: The societal double standard whereby eating meat is not questioned but eating less meat means "all hell seems to break loose." In 2021, Charles spoke to the BBC about the environment and revealed that, two days per week, he eats no meat nor fish and, one day per week, he eats no dairy products. In 2022, it was reported that he eats a breakfast of fruit salad, seeds, and tea. He does not eat lunch, but takes

7663-580: The tour. In March 1998, Charles had laser keyhole surgery on his right knee. In March 2003 he underwent surgery at King Edward VII's Hospital to treat a hernia injury. In 2008 a non-cancerous growth was removed from his nasal bridge . In January 2024, Charles underwent a "corrective procedure" at the London Clinic to treat benign prostate enlargement , which resulted in the postponement of some of his public engagements. In February, Buckingham Palace announced that cancer had been discovered during

7760-613: The traditional titles of Duke of Cornwall and, in the Scottish peerage, the titles Duke of Rothesay , Earl of Carrick , Baron of Renfrew , Lord of the Isles , and Prince and Great Steward of Scotland . The following year, Charles attended his mother's coronation at Westminster Abbey . When Charles turned five, Catherine Peebles was appointed as governess to oversee his education at Buckingham Palace. He then commenced classes at Hill House School in west London in November 1956. Charles

7857-510: The treatment, but that it was not prostate cancer . Although his public duties were postponed, it was reported Charles would continue to fulfil his constitutional functions during his outpatient treatment. He released a statement espousing his support for cancer charities and that he "remain[ed] positive" on making a full recovery. In March, Camilla deputised for him in his absence at the Commonwealth Day service at Westminster Abbey and at

7954-497: The wedding took place in St Paul's Cathedral on 29 July. Upon his marriage, Charles reduced his voluntary tax contribution from the profits of the Duchy of Cornwall from 50 per cent to 25 per cent. The couple lived at Kensington Palace and Highgrove House , near Tetbury , and had two children: William , in 1982, and Harry , in 1984. Within five years, the marriage was in trouble due to

8051-640: Was Lord Levene of Portsoken , and its last president was the Duke of Kent . Bank of England King Charles III [REDACTED] William, Prince of Wales [REDACTED] Charles III ( King-in-Council ) [REDACTED] Starmer ministry ( L ) Keir Starmer ( L ) Angela Rayner ( L ) ( King-in-Parliament ) [REDACTED] Charles III [REDACTED] [REDACTED] [REDACTED] The Lord Reed The Lord Hodge Andrew Bailey Monetary Policy Committee The Bank of England

8148-408: Was also his godmother, expressing interest in her daughter. Lady Brabourne replied approvingly, but suggested that a courtship with a 16-year-old was premature. Four years later, Mountbatten arranged for Amanda and himself to accompany Charles on his 1980 visit to India. Both fathers, however, objected; Prince Philip feared that his famous uncle would eclipse Charles, while Lord Brabourne warned that

8245-565: Was announced on 10 February 2005. The Queen's consent to the marriage – as required by the Royal Marriages Act 1772  – was recorded in a Privy Council meeting on 2 March. In Canada, the Department of Justice determined the consent of the Queen's Privy Council for Canada was not required, as the union would not produce any heirs to the Canadian throne . Charles

8342-465: Was christened Charles Philip Arthur George on 15 December 1948 in the Music Room of Buckingham Palace by the archbishop of Canterbury , Geoffrey Fisher . George VI died on 6 February 1952 and Charles's mother acceded to the throne as Elizabeth II; Charles immediately became the heir apparent . Under a charter of Edward III in 1337, and as the monarch's eldest son, he automatically assumed

8439-498: Was crowned by his mother in a televised ceremony held at Caernarfon Castle ; the investiture was controversial in Wales owing to growing Welsh nationalist sentiment. He took his seat in the House of Lords the following year and he delivered his maiden speech on 13 June 1974, the first royal to speak from the floor since the future Edward VII in 1884. He spoke again in 1975. Charles began to take on more public duties, founding

8536-532: Was defeated by the French Navy in the 1690 Battle of Beachy Head , causing consternation in the government of William III of England . The English government decided to rebuild the Royal Navy into a force that was capable of challenging the French on equal terms; however, their ability to do so was hampered both by a lack of available public funds and the government's low credit. This lack of credit made it impossible for

8633-479: Was dubbed " Camillagate " and "Tampongate". Charles subsequently sought public understanding in a television film with Dimbleby, Charles: The Private Man, the Public Role , broadcast in June 1994. In an interview in the film, Charles confirmed his own extramarital affair with Parker Bowles, saying that he had rekindled their association in 1986, only after his marriage to Diana had "irretrievably broken down". This

8730-640: Was established in 2010, in a similar fashion to its namesake in Britain. Charles uses his tours of Canada as a way to help draw attention to youth, the disabled, the environment, the arts, medicine, the elderly, heritage conservation, and education. He has also set up the Prince's Charities Australia , based in Melbourne , to provide a coordinating presence for his Australian and international charitable endeavours. Charles has supported humanitarian projects; for example, he and his sons took part in ceremonies that marked

8827-536: Was established to regulate and supervise all major banks, building societies, credit unions, insurers and investment firms in the UK (' microprudential regulation '). The bank also has a statutory supervisory role in relation to financial market infrastructures. At the same time, the bank's Financial Policy Committee (FPC) was set up to identify and monitor risks in the financial system , and to take appropriate action where necessary (' macroprudential regulation '). The FPC publishes its findings (and actions taken) in

8924-480: Was followed by Diana's own admission of marital troubles in an interview on the BBC current affairs show Panorama , broadcast in November 1995. Referring to Charles's relationship with Parker Bowles, she said, "well, there were three of us in this marriage. So, it was a bit crowded." She also expressed doubt about her husband's suitability for kingship. Charles and Diana divorced on 28 August 1996, after being advised by

9021-713: Was no evidence that the payments were illegal or that it was not intended for the money to go to the charity, although, the Charity Commission stated it would review the information and announced in July 2022 that there would be no further investigation. In the same month, The Times reported that the Prince of Wales's Charitable Fund received a donation of £1 million from Bakr bin Laden and Shafiq bin Laden ;– both half-brothers of Osama bin Laden  – during

9118-404: Was now reluctant to join the royal family. Charles first met Lady Diana Spencer in 1977, while he was visiting her home, Althorp . He was then the companion of her elder sister Sarah and did not consider Diana romantically until mid-1980. While Charles and Diana were sitting together on a bale of hay at a friend's barbecue in July, she mentioned that he had looked forlorn and in need of care at

9215-417: Was televised. In 1965 Charles undertook his first public engagement by attending a student garden party at the Palace of Holyroodhouse . During his time as Prince of Wales, he undertook official duties on behalf of the Queen, completing 10,934 engagements between 2002 and 2022. He officiated at investitures and attended the funerals of foreign dignitaries. Charles made regular tours of Wales, fulfilling

9312-515: Was the first heir apparent to attend school, rather than be educated by a private tutor. He did not receive preferential treatment from the school's founder and headmaster, Stuart Townend , who advised the Queen to have Charles train in football , because the boys were never deferential to anyone on the football field. Charles subsequently attended two of his father's former schools: Cheam School in Hampshire, from 1958, followed by Gordonstoun , in

9409-481: Was the only member of the royal family to have a civil , rather than a church, wedding in England. British government documents from the 1950s and 1960s, published by the BBC, stated that such a marriage was illegal; these claims were dismissed by Charles's spokesman and explained by the sitting government to have been repealed by the Registration Service Act 1953. The union was scheduled to take place in

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