Should the BOE issue a £100 note?

Like many have said, is there really need for a £100 note if cash is in decline? You don't even see many £50 notes, so there is no need for another one.
I barely use cash these days and try and avoid shops that are cash only.
 
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You can already get £100 notes from Scottish banks and have been able to for years. Spending them is another matter though… We need £5 coins and £100 notes cause plastic is evil carp
 
delta0 said:
Everywhere is moving to being cashless. There’s no reason to use it anymore. It’s harder to use cash than not.
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I don't see any difference myself. In Aldi I often find myself waiting to use the self serve checkouts that take cash and there is often nobody using the card only checkouts.
 
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I was told that you can order £100 pound notes from the bank.
But in general I use contactless payment for most of my purchases, the only thing I need cash for is takeaways.

Even when I'm giving cash is done electronically now; apart from when I'm giving to young childern as it's good to give them something physical, even thou their parents look at me to say; now I got to visit the bank..

I can't stand receiving physical cash as it means I have to visit the bank... lol :rolleyes:
 
I like cash. As a £20 note goes around a local economy, a bank or payment processor isn't taking a nibble of it in transaction fees each time, eventually whittling it down to sod all.

I know quite a few places that have "Cash Preferred" notices now because the payment processors have got greedy.

Nobody can stop you spending cash on whatever you want. Who knows if a supplier will be put on a "Verboten" list at some point and barred from receiving payments for some shady reason. Years ago I'd say that was a ridiculous argument but what with individuals being "de-banked" lately I'm now not so sure.

People that say "get rid of cash" should maybe reconsider that stance IMO. It's a nice freedom to have being able to spend on whatever you fancy without it being tracked (and no I'm not talking about illegal stuff, but whatever floats your boat!).
 
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There was a 500 Euro note, but was basically withdrawn as it was used extensively for money laundering. Whilst smaller I suspect a 100 pound note would be used for the same. As mentioned here, the government as with all governments is looking to become a cashless society so all spend can be tracked.

I suspect for these reasons a 100 pound note will never appear.
 
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