The Bank of England's Prudential Regulation Authority (PRA) is consulting on restoring the £85,000 limit of protection from the Financial Services Compensation Scheme (FSCS) on bank deposits following a dramatic fall in the value of the pound after Brexit.
The regulator changed the protection limit from £85,000 to £75,000 last July as part of a regular review. Following the Brexit vote in June, however, the value of the pound plunged against the euro....
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