UK Chancellor of the Exchequer Rishi Sunak has appointed a task force that will investigate the possibility of setting up a Central Bank Digital Currency (CBDC) as Britain’s response to the rise of Bitcoin and other forms of electronic money.…
Tag: Bank of England
Ending Covid economics will be harder than killing the virus
UK Chancellor of the Exchequer Rishi Sunak is working on a 10-year post-Covid economic plan It’s a year since the Covid-19 mutation started spreading and governments everywhere acted to contain it. More than 2m people globally have since died due…
The trouble with the Bank of England’s Doomsday Brexit report
Bank of England governor Mark Carney’s Brexit report is interesting mainly because of the methodology it employs. The Bank of England’s report about the impact on the UK economy of leaving the EU issued on 28 November has attracted huge…
Pursuit of productivity is a wild goose chase
Bank of England chief economist Andrew Haldane’s mission impossible Bank of England chief economist Andrew Haldane was named today as chair of the UK government’s Industrial Strategy Council and mandated to focus on the apparent stagnation in productivity in the…