I'm not British and can't comment on the lingo (although as a Canadian I will firmly stand by my right to use "re" instead of "er" and "ou" instead of "o" where appropriate). I did want to say that I agree with Gwyn though on the "Bank of England" thing. This is the equivalent of the U.S. Federal Reserve essentially for you US types. England's financial institutions have had a hard enough time of it lately without impugning their central bank with a bunch of shady deals
Mel