UK Treasury Official Struggles to Justify CBDCs: 'What Problem Are They Solving?'

"What is a CBDC for? What problem is it going to solve?"

"Look, um... it's to keep track with the reality of how, um, we all, um, purchase and save.... Um, er, and, um."

The UK's Permanent Secretary to the Treasury, James Bowler, struggles to explain what problems CBDCs are actually going to solve.