Financial Services Financial Services

Comment: Case for a digital pound remains weak, but UK policymakers aim to be ready

By Fiona Maxwell and Phoebe Seers
  • 08 Feb 2023 16:31
  • 08 Feb 2023 16:31
When it comes to a digital pound, UK policymakers are hedging their bets.
The Bank of England and finance ministry published a consultation paper yesterday on a proposed design for a UK central bank digital currency, or CBDC, saying it will likely be needed but making no commitment to introducing

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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