Article preview: There’s a lot of money missing in the UK. According to a committee of MPs, the Bank of England needs to do more to track down an estimated £50 billion in “missing”currency. The missing money was first identified by the National Audit Office in September, and now the Public Accounts Committee of MPs is calling for action. £50 billion is a lot of money, and represents approximately three-quarters of the British banknotes in existence today.
Is there £50bn down the back of your sofa?
This 479-word blog post looks at a new report from the Public Accounts Committee, calling on the Bank of England to take more seriously the issue of £50bn of missing banknotes in the UK. Written on 7th December 2020.
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