A former analyst at the central bank has urged governor Andrew Bailey to put contingencies in place to prevent collapse if alien life is confirmed

The Bank of England must plan for a financial crisis being triggered by an official announcement confirming the existence of alien life, one of its former policy experts has claimed.

Helen McCaw served as a senior analyst in financial security at the UK’s central bank, preparing for events that could impact the economy.

She has now written to Andrew Bailey, the Bank’s governor, urging him to organise contingencies for the possibility that the White House may one day confirm we are not alone in the universe.

McCaw, a Cambridge graduate, believes a declaration of that magnitude would send shockwaves through the markets and could trigger bank collapses and civil unrest.

Until recently, suggestions that governments were covering up the existence of alien life were limited to a small coterie of conspiracy theorists and UFO activists.

However, a host of senior American officials, including the secretary of state, Marco Rubio, the New York senator Kirsten Gillibrand, and James Clapper, a former director of national intelligence, have recently indicated their belief in the possibility of intelligent non-human life.

Rubio, a close ally of President Trump, told the makers of the recently released UFO documentary The Age of Disclosure: “We’ve had repeated instances of something operating in the airspace over restricted nuclear facilities, and it’s not ours.”

This month, The Sunday Times disclosed previously classified state files, which showed that the British military sought to obtain “extraterrestrial” technology after receiving credible intelligence that UFOs appeared to be real and could outperform any known human craft.

McCaw, who worked for the Bank of England for ten years until 2012, insists that politicians and bankers can no longer afford to dismiss talk of alien life and snigger about “little green men”.

“The United States government appears to be partway through a multi-year process to declassify and disclose information on the existence of a technologically advanced non-human intelligence responsible for Unidentified Anomalous Phenomena (UAPs),” she claimed.

“If the UAP proves to be of non-human origin, we may have to acknowledge the existence of a power or intelligence greater than any government and with potentially unknown intentions.

“It is entirely possible that government leadership and their central banks have not been properly briefed on the topic. UAP disclosure is likely to induce ontological shock and provoke psychological responses with material consequences.”

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