UK CBDC "Likely"

Surely, "inevitable".

Bank Of England, UK Treasury Support ‘Digital Pound’ Project, Say UK Likely To Need CBDC

“On the basis of our work to date, the Bank of England and UK Treasury judge that it is likely a digital pound will be needed in the future,” said the governor and chancellor in a consultation report presented to The Telegraph by anonymous sources.

According to The Telegraph, the Bank of England and the UK Treasury will go public with their stance next week, rolling out a roadmap that will lead to the successful introduction of the “digital pound” to the UK economy by 2030.

Central bank digital currencies: Lords Economic Affairs Committee report (Published Monday, 30 January, 2023).

The committee acknowledged that a UK CBDC “could spur innovation and competition” in payment services. It said it could lead to a reduction in fees currently charged by payment processing firms, which could be passed on to consumers. However, the committee stated that “few other significant potential advantages for UK consumers were predicted” by those who had given evidence to the committee.

They were hiding their real reasons.

state surveillance of people’s spending choices

an increase in central bank power without sufficient scrutiny

The [Bank of England] response stated that articulating a “use case” for a CBDC was a central part of the BoE’s exploratory work and it would be included in the forthcoming consultation. It said that the taskforce was exploring how a CBDC could provide:

Resilient and responsive public infrastructure with which the private sector can innovate in order to most efficiently and effectively meet user needs in a dynamic payments landscape.

Does that mean anything at all? It just says they haven't as yet fine-tuned their propaganda message. Yes, Minister.