UK regulator proposes raising protection limit for savers

LONDON, March 31 (Reuters) - Britain's Prudential Regulation Authority has proposed raising the protection limit for savers in case a bank fails to 110,000 pounds ($142,300), the Bank of England said on Monday.

The deposit protection limit is the maximum amount of money that is typically protected for savers should their bank become insolvent. The limit has been set at 85,000 pounds since 2017.

($1 = 0.7730 pounds)