The threat of dollarization of the UK economy is pretty minimal, and I'm not seeing how the present proposal to grant individuals optional rights to hold a rela

The threat of dollarization of the UK economy is pretty minimal, and I'm not seeing how the present proposal to grant individuals optional rights to hold a relatively small sterling balance in a basic bank account administered by the BofE rather than some other entity changes that. The working paper seems more worried by the proposed Libra (remember that!) than the USD...