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The House of Commons Parliamentary Committee has requested further consultations to determine the potential benefits of introducing a digital pound in the United Kingdom. The Bank of England and Treasury have incurred significant costs for the groundwork and testing of a central bank digital currency (CBDC). To increase transparency, the committee suggests adding a separate line item in the annual report and accounts to reflect the costs associated with CBDC projects. While the current testing of an English CBDC has revealed advantages in terms of issuance, dissemination, and privacy, the committee is concerned about the financial implications of a formal launch. They question whether the benefits will outweigh the risks and urge caution in not exacerbating financial exclusion. While acknowledging the necessity of a digital pound in the future, HM Treasury and the Bank of England are not yet ready to commit to building the necessary infrastructure. The decision to proceed with the digital pound’s launch after the design stage may be influenced by factors such as the decline in paper money usage, the emergence of privately issued digital alternatives, and global advancements in CBDCs.