The Bank of Britain

Having read Public Governance of Central Banks by Yoshiharu Oritani and looking at the UK in particular I am proposing a model where all government money is held in a central series of bank accounts using the structure of recently nationalised banks and the post office branches to be used as a way of channeling funds to individuals using their national insurance id as the basis of the account id. This would keep funds on the balance sheet longer. Any individual or company that dealt with public money would have to have a BoB account. Similarly local councils and government departments would also have a BoB account. MPs would also have one to run their affairs more efficiently