Should bronze money be scrapped?

Andrew_McP said:
It's important to get rid of all cash ASAP so that banks, governments and advertisers can track and skim everything the economic serfs do. The data state needs your info even more than Google.

Vote for Christmas, turkeys, you know you like stuffing! Having said that, coppers are next to worthless apart from for propping up wonky tables; I'm not manning the barricades on their behalf even though rounding up is an 'invisible' way of squeezing more out of us.
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I read this in a sarcastic state of mind but I'm not sure. When it comes to the subject people get very weird and conspiracy theories are aplenty.
 
I like to use independent shops / cafés where possible but so many still have the minimum £5 rule, this always creates unnecessary awkwardness.
 
The main issue I see about a cashless society is then we (the individual consumer) aren't protected against negative interest rates.

Currently the retail banks haven't directly passed on the central banks negative interest rate*, partly in a worry that it might cause a cash flight from small depositors, but in a cashless society you would have no option but to keep your on demand deposits in the bank.

* though they do cover their loses with disguising real and nominal interest rates.

But yea, the 1p and 2p seem quite superfluous nowadays and wouldn't be missed.
 
Once again the young are in here spouting what they want - no one ever thinks of us pensioners who really need the few coppers they have - only a few EU pensioners (Kinock and cronies) have notes in their pensions- if I haven't got any pennies how do I tip the plumbers and sparkies not to mention counting them out when I get on park and ride. :rolleyes:

Why does everyone assume we all have mobile telephones and those cards you tap - which reminds me I need to order a new cheque book.
 
Andrew_McP said:
It's important to get rid of all cash ASAP so that banks, governments and advertisers can track and skim everything the economic serfs do. The data state needs your info even more than Google.
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I'm on old git and tend to agree. The government desperately want to eradicate the back economy and be able to trace every half penny so they can tax you on it. It's ironic really in that the government want to stop folk paying cash in hand and maybe negotiate a discount, yet are happy to tax you on every penny you save. There is already a tsunami of high street banks/building societies closing by the month. The days of having a few quid stashed for a rainy/disaster day are long gone.

The opposite should be happening all cards should be cut-up/abolished and thrown into landfill with the rest of the recyclable plastics. If folk paid for stuff with notes instead of plastic they would think twice about getting into dept. The beep of a credit card taking £1500 out of your account is painless. Pay it with cash and it hurts to hand over the money because it has substance. The notion that losing the penny helps round things up is an empty argument. I'm willing to bet everything out there is already rounded up by at least a penny anyway.

Plus I'm sick of folk rolling through the checkout, having spent £1.12p only to take longer to find their card than hand over a little change. Perhaps if everyone moved their arms a bit to hunt for some change maybe they wouldn't all be so obese. There's a though maybe we should be making coins heavier. 1p =.25kg, 10p = 1kg, £1 =5kg.

Just a thought;):)
 
DampDog said:
The government desperately want to eradicate the back economy
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That would hurt our GDP figures...:p

and be able to trace every half penny so they can tax you on it.
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Not really, as we have quite a few tax free allowances

It's ironic really in that the government want to stop folk paying cash in hand and maybe negotiate a discount,
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Nothing is stopping you negotiating a discount however you want to pay....it's just when that "discount" is 20% when paying in cash they get a bit uppity ;)

yet are happy to tax you on every penny you save.
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Apart from the first £1000 of savings income of course (for standard rate tax payers) and up to £6000 savings interest for low income savers
 
I'd be happy to see the end of 1p and 2p coins. No other change are needed. Seeing something priced at £19.99 is stupid, it should be twenty quid.
 
Chris Wilson said:
Aren't we going back to the good old £ s d after "Brexit"? I sure hope so ;) It would go well with blue passports and a rejuvenated snooty demeanour.
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Wow forgot about post Brexit, £ s d. If you flash the cash you should be able to negotiate a cracking deal on a new Penny farthing. I bet they'll let you pay the child chimney sweeps in gruel too. Happy days;):)
 
Should bronze money be scrapped?

Yes it should as it costs more money to make then its worth and nothing is sold anymore that is priced requiring such small units of currency.
 
Freakbro said:
The main issue I see about a cashless society is then we (the individual consumer) aren't protected against negative interest rates.
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AAAaaaand we have a Winner. :D

Black economy is small fry as far as government control of the economy is concerned. As you say in a later post, eliminating the Black Economy would actually harm GDP. (That is one of Spains problems, Some years ago I spoke to a British ex-pat who had retired to Spain and asked them about the "Economic Crisis" and the reply was basically "What economic crisis". Spain has (Or at least had at that time) a vibrant and prosperous Black economy. It was only the public sector that was collapsing. Naturally the government looked on all this prosperity with envious eyes but knew that trying to tap into it would end up in killing the Goose.)

But what they really want to be able to do is impose "negative interest rates" as a means of economic manipulation.

And they cannot really do that until the sheep have all been conned into accepting a cashless society under total government control because "Convenience" :rolleyes:
 
Pawnless Endgame said:
We got rid of the h'penny (0.5p) over 30 years ago and I've been thinking for years that 1p and 2p coins should be scrapped as well.

https://www.bbc.co.uk/news/business-45269390

The remaining single-digit coin (5p) should become bronze.
2-digit coins (10p, 20p, 50p) should remain silver.
3-digit coins (£1, £2 but also a new £5 coin) should be gold.
Then the notes should be £10 and £20, with £50 becoming more common. So no change to the notes, except for £5 becoming a coin and £50 notes becoming more common.

I think it's pointless having 99p stores as the till registers require a float of 1p coins to give out as change. Pound (£1) stores don't have that problem.

The stock market would have course still trade in pennies and fractions of a penny e.g. shares priced at 431.1p.

What do you guys think?
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an increase in £50 notes will go one of 2 ways. every time i have tried to use one in a pub i've been told they have no change. because they don't want to take the risk of it being a fake.

with them becoming more common it will make people make more fakes of a higher quality.

they need to make them all plastic and fake proof. scrap all the paper ones.
 
White fivers need to come back, lovely things to scrunch up and flick at buxom serving wenches, whilst enjoying a fine port and a cigar once the ludicrous smoking ban is rescinded :)
 
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