UK Lords Committee says no case for CBDC

A Committee of peers in the House of Lords has concluded that there is no convincing case for the creation of a central bank digital currency in the UK.

The Economic Affairs Committee found that while a CBDC may provide some advantages, it could present significant challenges for financial stability and the protection of privacy.

Read the full story HERE. 

Top 10 Country GDP Ranking History (1960-2017)

This video shows the Top 10 countries with the highest GDP from 1960 to 2017.

This country GDP ranking includes countries such as, United States, China, Japan, Germany, United Kingdom, etc. Gross Domestic Product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly used to determine the economic performance of a whole country or region, and to make international comparisons.

The role of the Bank of England - Part 5: The Money Go Round

Keeping on an even keel: the role of the Bank of England is a short film that uses nautical metaphors and animation to explain the Bank's roles and responsibilities in an accessible, imaginative and entertaining way. The film is divided into seven short modules, which provide a simple guide to the Bank's monetary policy and financial stability roles.

They explain why low inflation and a safe and stable financial system matter to the UK economy and how the Bank contributes to achieving them.

The role of the Bank of England - Part 4: The Financial System

A simple guide to the Bank if England's monetary policy and financial stability roles. In this one they explain why low inflation and a safe and stable financial system matter to the UK economy and how the Bank contributes to achieving them.