New bill would end banknote discrimination by the English

[stinkwheel]

Going through parliament today.

If sucessfull, it would be illegal for English businesses to refuse to accept Scottish banknotes if they already accept English ones.

https://news.bbc.co.uk/1/hi/scotland/7841273.stm

About time too.

There is more backup behind Scottish issued banknotes than there is behind English ones anyway. For a Scottish bank to issue notes, they are required to lodge funds equivalent to 30% of the total value of notes in circulation with the Bank of England for 3 days a week. The bank of England doesn't have to show it has the funds to back up its currency in any way.
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[pa_broon74]

Read this this morning too...

I didn't realise that Scottish money wasn't technically legal anywhere in the UK, it certainly puts a stop to the scene you get in a shop south of the border where someone invokes the "but its legal tender" clause at the check out. (And in some cases, vice versa with English money...)

I remember years ago I used to manage an amusement arcade, this just when we moved over to the smaller 50p pieces. An older lady came in with some new fifties and asked if we accepted them north of the border.

I of course said no, we were still trading dead chickens for rabbit pelts and the like... (I didn't say that at all... )


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[Silver]

I think the "discrimination" is a touch over the top, "ignorance" maybe - although, like pa_broon74 I never realised that it wasn't technically legal tender (and I'm English! ).

[Kickstart]

Hi

Not really discrimination. As I understand it their legal position is the same as that of debit cards or cheques, and as such traders are quite at liberty to refuse them.

Notice that there doesn't seem to be anything pushing them to accept Ulster bank notes, which are far more likely to be rejected.

All the best

Keith
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[JonB]

I got given a £5 Northern Ireland note in the change a couple of months back. I had real difficulty getting any mainstream shops to accept it. In the end I had to go to the Post Office and exchange it for an English note.
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[Pedd]

I bet more people take scottish cash than do the english £50 note ffs, cant use em anyware.
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[Phoenix]

[tribal_tiger]

Last night my missus had a bloke from NI come in with only NI note, so she changed the entire lot for him! Whenever we go back over to NI, we just try to get rid of all notes before we come back cos people are a bloody nightmare about them. I've never had trouble with Scottish notes though!
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All of it.

[kawakid]

[Phoenix]

Not gonna be in the Euro any time.....

[LeeR]

What's the current exchange rate on an RBS or BoS note these days...?
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[DAF]

Stinkwheel

[Itchy]