2026-07-08

Added 2026-07-09

Letter from the Governor to Joe Powell MP

Andrew Bailey, Governor of the Bank of England, responded to Joe Powell MP's inquiry regarding the Bank's engagement with Nigel Farage and its policy development on central bank digital currency (CBDC) and stablecoins. The Governor detailed the Bank's transparent policy-making process, which involves extensive public consultations and engagement with industry experts and Parliamentarians over several years for topics like systemic stablecoins and CBDC. Bailey confirmed that the Bank's policy positions are developed based on statutory objectives and staff analysis, assuring that no policy changes have resulted from interventions by Nigel Farage or other lobbying efforts.

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