UK Treasury and Bank of England Consider Digital Currency

The Bank of England and the Treasury announced they were creating a task force to consider the potential risks and benefits associated with implementing a central bank digital currency (CBDC). The task force will be jointly led by Sir Jon Cunliffe and Katharine Braddick. Sir Jon Cunliffe is the Bank’s deputy governor for financial stability. Katherine Braddick is the Treasury’s director general of financial services.

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UK Supreme Court Rules in Favor of Uber Drivers Following 5-Year Legal Battle

On February 19th, the U.K. Supreme Court ruled that Uber drivers must be considered workers rather than self-employed, entitling thousands of Uber drivers to minimum wage and holiday pay, according to BBC News. The ruling requires drivers to be considered workers from the time they log on to the app until they log off.

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