Bank of England's average annual legal spend more than triples

Bank's average spend on external counsel rises to almost £7m during the past three years

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The Bank of England’s (BoE) average annual legal spend has more than tripled during the past three years, figures obtained by a freedom of information request have revealed.

From 2011 to 2013, the BoE’s annual legal spend was £2m per year, but for the three subsequent years, the average figure has risen to almost £7m.

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