Royal Mint Britain Manchester reports economy experts Royal Mint Britain Manchester

Experts baffled as £50 billion in bank notes 'goes missing' in UK

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reports the Mirror. It has said that some of the missing money may have ended up being stashed overseas, stuffed under mattresses or stocked up for use in the 'shadow economy' - in off-the-books cash transactions.But there is little reliable data to quantify how much is likely to be held where, the NAO said - and it is seeking a new system to map where the UK's physical money ends up.Get the latest updates from across Greater Manchester direct to your inbox with the free MEN newsletterYou can sign up very simply by following the instructions hereFive public bodies – the Treasury, the Bank of England, the Royal Mint, the Financial Conduct Authority (FCA) and the Payments Systems Regulator (PSR) – all play a role in administering or.

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