The Bank of England, in common with central banks of almost every other major economy across the world, is exploring a potential CBDC as a means of addressing the decline in the use of cash, expediting the implementation of monetary policy and future-proofing fiat currencies from the rise in use of privately issued digital currencies. It is set to begin a consultation alongside the Treasury later this year to explore design features, benefits and implications for users.
Source: https://www.coindesk.com/policy/2022/01/13/house-of-lords-committee-sees-no-convincing-case-for-uk-cbdc/