Governor Andrew Bailey said he remained sceptical over the need for a digital pound, stressing that innovation in payments should be a priority.

Hunger has been rising among Gaza’s more than two million Palestinians since Israel broke a ceasefire in March to resume the war.

Ms Reeves, delivering her annual Mansion House speech to the financial services sector, said changes were needed for the UK to stay competitive.

Primary school teachers can decide to discuss the sharing of naked images or online sexual content if it is affecting their pupils, guidance says.