@afewbugs @beecycling @PositiveMoneyUK
But public, electronic money is also quite possible!

Here's PoMo again, in 2024:
"A digital pound, also known as a UK central bank digital currency (#CBDC), is expected to be introduced by the Bank of England and Treasury in the second half of this decade. Through the ‘seigniorage’ benefits of lower borrowing costs, it can be estimated that, by 2029, a digital pound would increase government fiscal space by between around £15bn a year in lower adoption scenarios and upwards of £30bn a year in higher adoption scenarios. This would be enough to cover most, if not all, of the £28bn a year green prosperity plan previously proposed by the Labour Party."
➡️ https://positivemoney.org/uk/publications/fiscal-benefits-digital-pound/

Sounds too wild ? No, it's entirely possible, here's @BankOfEngland (not that handle, they aren't here yet):
"A digital pound would be like a digital form of cash – a banknote for the digital era. Like banknotes, it would be issued directly by the Bank of England."
"In October 2025, we published an update on the design phase of the digital pound project. We are currently developing a detailed blueprint..."
➡️ https://www.bankofengland.co.uk/the-digital-pound

#monetarySovereignty #DigitalPound