The Bank of England has delayed plans to move hundreds of staff from London to Leeds.
The plan to acquire up to 100,000 sq ft of office space has also been shelved as the bank focuses on the economic crisis.
Plans to strengthen Threadneedle Street’s northern hub have now been delayed by at least a year, as wider economic concerns force the central bank to scale back ambitions to increase its presence across the UK.
The bank currently has around 30 staff in Leeds.
