The bank is projecting economic growth of 7.25% for the U.K. in 2021
The new currency would exist alongside cash and bank deposits
British economy nearly 10% smaller than in 2019
Monthly data indicated the economy began to bounce back in June
Brexit isn't the only story unfolding in Britain, but it is the loudest
The decline was unexpected
Only 36% of respondents said London was the world's preeminent financial centre
The decision helps reduce one of the immediate uncertainties surrounding Brexit
The proposed reforms aim to increase competition in investment consultancy and fiduciary management sector
The goal is to improve industry conduct and ensure that firms are treating clients properly.