net profit ratio interpretation One of the initial requirements is going to be that you are a UK resident and with respect to the kind of bank-account you are planning to open, you might need to be over 18 years. However, in case you are under this age you might find there are additional facilities available which might be designed designed for your needs. In any case, most providers can have a number of options you might want to look at prior to deciding over a final product. On November 11, 1997, the bank of England took a big step towards independence, politely revising the "banking law" of 1946 and reading it in the lower house. The bill passed legislation affirming that Gordon Brown, the Treasury secretary, freed government control from the central banking business. This is the hallmark of an institution that has been under the yoke of government for a century and a half. It symbolises how demand for central bank independence becomes conventional wisdom.