The Bank of England and HM Treasury are continuing to explore the case for a digital pound – a form of central bank money that would complement existing ways to pay in an increasingly digital economy. No decision has been made on whether to introduce a digital pound. The current ‘design phase’ of the digital pound workplan runs through 2026. Payments are evolving towards a more diverse, multi-money landscape – where households and businesses can pay and get paid in different forms of sterling interchangeably at equal value; whether with public money (such as cash and, potentially, a digital pound), commercial bank ... (full story)