On 4th December, the UK parliament’s Public Accounts Committee (PAC) published a report on the production and distribution of cash. The press release was headlined ‘PAC urges Bank of England to investigate “missing” £50 billion of sterling notes’. This emphasis was unhelpful and drew attention away from the real problems. The media coverage did at … Continue reading Access to cash is a far bigger problem than the ‘missing’ £50 billion →