Should the BOE issue a £100 note?

Narj said:
What's the weather like up there on your high horse? :)

Erm, tax "avoidance" isn't against the law. But anyway, a tradesman's tax affairs are none of my business.
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Greece says 'hi'. Nothing to do with high horses.

Countries where it's normal to avoid tax end up ****holes. Like the UK, but worse...

Anyway, I pay my tax and don't care to help others avoid paying theirs. Anybody who uses public services or cares about the fact that ours are falling off a cliff, should think carefully about how much they need to save a few quid by avoiding tax.
 
Narj said:
Not that I'm doing it anymore, but going up the pub with cash is far better - you're forced to go home when it runs out.

With a card you get drunk and don't think twice about tappity-tapping away. :)

I seem to remember stories in the news about people going back to cash to help them budget. Not surprised really.
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Yes, if people have no restraint (not a dig) stuff like that is useful. At casinos too I hear.
 
Narj said:
Not that I'm doing it anymore, but going up the pub with cash is far better - you're forced to go home when it runs out.

With a card you get drunk and don't think twice about tappity-tapping away. :)

I seem to remember stories in the news about people going back to cash to help them budget. Not surprised really.
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That never worked in my old local as the gov’nor trusted me and gave me a tab
 
FoxEye said:
Greece says 'hi'. Nothing to do with high horses.

Countries where it's normal to avoid tax end up ****holes. Like the UK, but worse...

Anyway, I pay my tax and don't care to help others avoid paying theirs. Anybody who uses public services or cares about the fact that ours are falling off a cliff, should think carefully about how much they need to save a few quid by avoiding tax.
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Normally I'd completely agree but I resent the way the government have been spunking our tax money up the wall during their tenure so won't cry too much.

I'm PAYE so apart from dumping into pension/ISA I can't avoid it so you don't need to preach to me :)
 
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robfosters said:
No point imo. Cash is being used less and less anyway. Would be a big public expense for not much benefit
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People would use cash more if the notes were bigger.

no one wants to carry a stack of 20s around from a cashpoint

Switzerland has some nice denominations, also some if not all of cashpoints let you select if you want larger notes or smaller
The Swiss franc is divided into 100 cents, and today there are coins of 5, 10 and 20 cents circulating, as well as 0.5, 1, 2 and 5 francs. Also, there are banknotes of 10, 20, 50, 100, 200 and 1,000 francs.
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swiss currency is not far from equal with ours btw

I wonder what percent of tourist transactions are in cash.
 
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I don't think I've paid in cash for years, it's a hassle to hold onto and it holds queues up in shops vs a split second contactless payment. I don't even take a credit card / wallet with me most of the time and just use Android pay. And if I am in a situation where I do need cash then I can just use my banking app to have a cash machine give me some anyway.

And surely the cost of all the machinery to manufacture cash and all the fraud checking stuff must cost a fortune. Scrap it and save some money!
 
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Stumble Bum said:
Who the hell uses cash?
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Turkish barbers, traders, Taxi drivers with permanently "broken" card machines, people paying tips or delivery drivers, gypos, market sellers, dell boys, Dave, facebook market/ebay sellers/buyers, gentlemen's clubs
 
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Uther said:
Where I live most shops still won't take a £50 note, so there'd be no chance with a £100.
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That's because they're dumb/don't seem to understand inflation or polymer notes.

£20 notes weren't exactly rare to use in the late 90s, I had some as a teenager but that's what £50 notes are basically now.
 
dowie said:
Would be nice to have a new note though right? Right???
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Yes.

I have had occasion to use a Scottish £100 note. £50 and £100 notes make fine presents for young relatives. They're also good for paying the plumber you called out in the middle of the night.

And then there's cash as a backup for when your bank card gets cancelled or blocked or lost or...
 
Its funny all the Cash is king facebookers. Theres always someone boycotting a business because they only take card. I have 3 "Restaurants" and cash is now less than 4% of our turnover, And 2 of those places are at the lower end of cost... The place ripe for cash.

Cash is dying out......
 
Stumble Bum said:
Who the hell uses cash?
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I recently had to use cash to pay a solicitor for a copy of my passport. Needed to post proof of ID, couldn't post originals, needed a solicitor to make a copy and certify it as a true copy. £10 for a stamp and a signature, cash only. I usually pay taxi drivers in cash, rounded up to the nearest note.

My workplace is still about a third cash, at a guess. It's still used. I think it should remain an option. I don't think there's a need for a £100 note though. Cash is for small transactions nowadays and even £1000 in £20 notes is a very thin bundle.
 
If you your wallet full of cards is lost or stolen - your money is safe providing you contact banks to block cards and remember the last transaction.

Lose or get wallet stolen full of cash - good luck.

This is why pickpockets target the elderly. Tend to have more cash than the average person, slower to react etc.

I get concerned about seeing some elderly customers carrying £200 cash in their purses and wallets.
 
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