
The value of banknotes in circulation has shot up this year during the coronavirus pandemic.
In a stiff rebuke for Threadneedle Street, the Commons public accounts committee said the money - equivalent to a stack of £5 notes more than 800 miles high - had essentially gone "missing" because the Bank did not keep close enough tabs on cash usage in modern Britain.
Despite walls 8ft thick and an imposing reputation for guarding billions of pounds of gold bars in its vaults, the PAC said the Bank had nonetheless displayed a "lax attitude to whereabouts of bulk of sterling cash supply".















Comment: Just wait for a politician pushing policy in line with the 'Great Reset' to use the above story as justification for a cashless society: The Great Reset - The birth of the cashless society