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Tag: future of money

Bitesize: The end of a paradox?

Ellen Caswell

People in the UK are using cash less and less to pay for goods and services. In 2017, debit cards overtook cash as the most popular payment method.

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BankUnderground Currency 13 June 201911 June 2019 1 Minute

Bitesize: Bank note-able growth

Cordelia Kafetz

Despite speculation to the contrary, the number of banknotes in circulation is increasing. During 2016, growth in the value of Bank of England notes was 10%, double its average growth rate over the past decade.

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BankUnderground Currency 1 Comment 04 May 201704 May 2017 1 Minute

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Bank Underground is a blog for Bank of England staff to share views that challenge – or support – prevailing policy orthodoxies. The views expressed here are those of the authors, and are not necessarily those of the Bank of England or its policy committees.

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