No. For being Boris who also has an enquiry hanging over his head that might chuck him completely out of politics. Simples really too many MP's didn't want him any more. Sunak just said ok and applied himself. Boris was gone anyway.
Hunt has different ideas about immigration to encourage growth. The personal email she sent is something of a side show. You may have noticed comments about immigration from a number of sectors. Lack of causing grief. What Hunt's view actually is pass. It might just be quotas. For instance fruit picker attitude has changed already. Butchers is an interesting one. HGV drivers was another but that one can probably be cleared up here providing enough people want to be HGV drivers.
I'd have thought that one was obvious. Perhaps you didn't notice what Truss's ideas did.
Must admit they were so stupid I wondered if it was a plot and she didn't want the job really. One big mistake - announcements with no sums to go with them.
Your making me laugh assuming she did have enough votes. The Tory party members may have voted for her and she may have won. Once again a winner that wasn't backed by the majority of MP's. Sunak lost the first one due to fairly tale economics that just do not fit in with the current situation. Penny backed Truss and her ideas. She stood because rather early on in the first round she was strongly backed by the Tory party members. That lead rapidly vanished, If she did win the Tory might have been in the same position again. Too many MP's not wanting her as PM.
That link does make me laugh. Say you go to a bank and draw out some physical money. There are way more GBP's around than there is physical money. From the BofE
Banknote statistics. There are over 4.7 billion Bank of England notes in circulation. Together they are worth about £82 billion.
That doesn't even cover the gov's spend each year. It's just what is needed mostly for peoples pockets. Usage from those has declined for years and years. I've been using a card for transactions for most of my adult life. I've hardly used anything else since way before covid. I have used cheques even one fairly recently as it was the easiest option. This was to transfer cash into a savings account. These days direct bank to bank account transactions are getting far more popular. They can be done on a phone. That might result in a fee being charged if card usage drops off too much. Doesn't matter really all money movements have been electronic for yonks.
The Diem project, launched by Facebook as "Libra" in 2019, is shutting down following scrutiny from financial regulators. The so-called stablecoin was to be pegged to the US dollar.
So say I buy some. I'd use GBP. Other people do using their own currency. What are facebook going to do. Covert directly to USD. The world might run out of them. Very likely actually. Hold each currency? Hang on the values vary so how can they be pegged to the USD. Also facebook effectively becomes a bank. Fact of life the central banks determine how much of a particular currency exists and the markets determine what it worth. While some might not like it that is how it works.
CBDC's. The system is electronic anyway. Big noise about nothing really. It seems there may be some advantages to how Bitcoin etc software is arranged. It's more efficient in terms of making transactions - or that is claimed. True or false pass but in real terms that doesn't matter. They wont operate is the same way bitcoin etc does. They will be tied to a value of a specific currency and markets will as always set the real value.
Some countries might hope that buyers from other countries get involved. Demand for a currency can increase it's value. Ordinary punters might start buying them. All the BofE need do is open a web page - come buy britcoin. Sounds a bit tricky to me.
The banks will do their damdest to reduce the need for physical money anyway. No more branches. All internet banking and etc.
www.blockchain-council.org
