there are no exchange controls restricting the transfer of funds into or out of the United Kingdom. However, any person carrying the equivalent of €10,000 or more in cash when they enter or leave the UK must declare it to customs officers at the border. At the 2017 Labour Party annual conference, Shadow Chancellor John McDonnell hinted at the possibility of a return of exchange controls should there be a run on the pound following a Labour election victory. The Green Party of England and Wales say in paragraph EC665 of their Economy Policy, last amended in 2019, that '... A Green government would work in Europe and globally to re-establish controls on international capital movements, in order to restore financial stability and regain control over the macro- economy'. See also Economic history of the United Kingdom Economy of the United Kingdom Exchange controls Sterling area References Bank of England History of Exchange Controls Retrieved 26 September 2018 Re-examining the removal of exchange control by the Thatcher government in 1979, by Daisuke Ikemoto Retrieved 28 September 2018 Notes Government of the United Kingdom Public finance of the United Kingdom