The Bank of England's digital pound project faces criticism from former economist Neil Record, who labels it a costly "white elephant".

In April 2021, the Bank of England and HM Treasury announced an initiative to investigate the creation of a “digital pound”.

Andrew Bailey has blown £24m designing a digital pound that may never see the light of day. It comes after the Bank of ...

Andrew Bailey has blown £24m designing a digital pound that may never see the light of day. It comes after the Bank of England Governor admitted last week that an official alternative to ...

The BoE has become the first major central bank to raise interest rates since the pandemic by hiking its basic rates to 0.25%. The BoE has become the first major central bank to raise interest rates ...