Call for probe into ''missing'' GBP50bn of UK cash - BBC News
The Bank of England should be trying to track down £50bn of 'missing' UK currency, a committee of MPs has said.
The cash is not used in transactions or held as savings, but may be overseas, tucked away in homes unreported or being used in the "shadow economy".
The money "is stashed somewhere, but the Bank of England doesn't know where, who by or what for - and doesn't seem very curious", said Meg Hillier, who chairs the committee.
The cash is not used in transactions or held as savings, but may be overseas, tucked away in homes unreported or being used in the "shadow economy".
The money "is stashed somewhere, but the Bank of England doesn't know where, who by or what for - and doesn't seem very curious", said Meg Hillier, who chairs the committee.
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