Digital Pound

Debate between Chris Bryant and Andrew Griffith

Tuesday 7th February 2023 Commons Chamber

[Andrew Griffith]

My right hon. Friend makes an important point. To govern is to choose and we ask our regulators to make choices to prioritise. It is one reason why we are looking at reform of long-standing areas, such as the 40-year-old Consumer Credit Act 1974, to see if we can modernise it and make it more fit for purpose, deliver better customer outcomes, and potentially free up the regulatory environment so they can make choices to focus on the new and emerging threats and opportunities that this domain represents.

[Sir Chris Bryant (Rhondda) (Lab)]

Further to the question from the Chair of the Treasury Committee, the hon. Member for West Worcestershire (Harriett Baldwin), can the Minister be a bit clearer? Will this be an interest-paying currency, yes or no?

[Andrew Griffith]

No.