Should the BOE issue a £100 note?

[dowie]

Just had a look on the inflation calculator and £100 today is basically worth the same as £50 back in 1995, so a £50 note today is closer to the £20 notes back then... the old trope of shops being suspicious of £50 notes has got to be rather outdated soon too, especially with the modern notes that are more resistant to forgeries.

The £50 note (at least post gold standard one) was introduced in 1981 was worth the equivalent of circa £185 today so arguably perhaps we ought to even have a £200 note by now!

So surely we ought to have £100 notes though? They have them in Scotland and Northern Ireland just not BOE ones for England and Wales. Is it perhaps that the proliferation of card machines -> notes not used as much - >not really fussed about higher denominations?

It used to be the case that notes were still the correct ettiquet in some bars, when you had to swipe and sign or use chip and pin (I was in a member's club in the 00s where you'd be making a faux pas by using a card at the bar, they had a card machine but it was slow and you were holding everyone else up by asking for it so cash was the default) but I guess these days contactless is the more efficient way.

Would be nice to have a new note though right? Right???

 

[robfosters]

No point imo. Cash is being used less and less anyway. Would be a big public expense for not much benefit

 

[Uther]

Where I live most shops still won't take a £50 note, so there'd be no chance with a £100.

 

[Stumble Bum]

Who the hell uses cash?

 

[Malevolence]

A £5 coin would be a nice addition.

 

[Mysterae_]

The last place I saw a £50 note was at my local launderette, er I mean casino.

 

[Freddie1980]

What benefit would there be for issuing a £100 note? Your encouraging counter fitters for a thing that's falling out of fashion (cash).

 

[robfosters]

Who the hell uses cash?

People who’ve lost their bank card.

Seriously though, the only time I use cash now is to pay take away delivery drivers

 

[robfosters]

What benefit would there be for issuing a £100 note? Your encouraging counter fitters for a thing that's falling out of fashion (cash).

Yes, we don’t want any more people going round fitting counters do we

 

[Caracus2k]

No point as other have said £50 barely get used and cause a scene a lot of the time when presented for payment.

For better or worse cash is getting used less and less anyway.

 

[Mysterae_]

More likely to see a CBDC being introduced before a £100 note, cash is being used less and less each day.

 

[paradigm]

People who’ve lost their bank card.

Seriously though, the only time I use cash now is to pay take away delivery drivers

Don’t even do that any more with the advent of app-based takeaway ordering. Even if you don’t want to use the big players, we have an IOS app for local takeaways here, and we aren’t exactly a big town!

My biggest issue with cash isn’t so much the notes as what to do once I inevitably get given some change. I don’t have a coin purse, my wallet only has space for cards and notes.

Any coins I do bring home go in the kids piggy banks and cashed in once a year/when full.

 

[The_Arbiter]

I sometimes use cash, but never carry more than £50. If it wasn't for cashback then i'd use more cash. So of no use to me.

 

[200sols]

Phase out cash. Stick it to them cash in hand tax evaders

 

[jeffk]

No. What’s the point of the £50 note beyond selling dodgy goods and tax evasion?

 

[Derek W]

Ask them? Report back once they've replied to you chief.

 

[willhub]

Cash is dead now, might as well accelerate its decline and get it over and done with.

I wouldn't dare carry a £50 note, almost as useless as a piece of blank paper. apart from cashing it in the bank.

 

[peterwalkley]

Who the hell uses cash?

For anything over a £20 note its mostly drug deals and wannabe chavvy ballers rocking their Gucci belts ... so hell no to the original question.

 

[robfosters]

Don’t even do that any more with the advent of app-based takeaway ordering. Even if you don’t want to use the big players, we have an IOS app for local takeaways here, and we aren’t exactly a big town!

My biggest issue with cash isn’t so much the notes as what to do once I inevitably get given some change. I don’t have a coin purse, my wallet only has space for cards and notes.

Any coins I do bring home go in the kids piggy banks and cashed in once a year/when full.

My local Indian takeaway only accepts cash.

I’m pretty sure he’s a tax dodger

 

[delta0]

A £5 coin would be a nice addition.

Those already exist but people don’t tend to use them to buy things.

Cash should end imo. I’ve not used it for years.