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A parliamentary committee identified about fifty billion kilos value of cash in circulation just isn't being invested, and blasted the lender for a lack of “curiosity” about exactly where it is actually.

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The £50 billion in cash could be hidden away in unreported family personal savings, squirreled away for any rainy day, or is getting used For additional nefarious uses, Parliament’s General public Accounts Committee claimed from the report, contacting about the Financial institution of England to research.