Petition to the UK Government not to allow the Bank of England to abolish cash.

[s1lverbox]

Please if possible sign the pettition and let them know where we are and how we feel.

More about this subject here: http://www.theguardian.com/business/2015/sep/18/interest-rates-rise-bank-of-england-chief-economist-andy-haldane



The Bank of England’s Chief Economist Andrew Haldane on 18th September 2015 raised the possibility that the Bank could abolish use of cash in Britain in order to allow the bank to impose negative interest rates on savers;

▼More details

Therefore, we the undersigned, as concerned savers and investors of Great Britain, do call on Her Majesty’s British Government to:

Guarantee that cash will not be abolished from use in the UK

Guarantee that negative interest rates will not be imposed undemocratically on British savers

Establish a form of public consultation on the specific mandate and monetary policy limitations of the Bank of England.

Url petition.

https://petition.parliament.uk/petitions/109727

[raymond541]

8,764 signatures.......

need 10,000 signatures...

At 10,000 signatures, government will respond to this petition

[pawel7777]

Cash abolition could be the best thing that could happen to bitcoin, in terms of price and popularity. At least in short term. But if cash is abolished, the next logical step for the gov would be to do the same with cryptos and other cash equivalents (or introduce severe restrictions).

But honestly, I can't picture UK banning cash anytime soon, if at all, they're too conservative to do that.

Anyhow, hope this petition gets to 10k.

[Fortify]

Maybe it would be a good thing in 50 or 100 years, it won't happen before then. Cash is incredibly wasteful really and vulnerable to fraud. It may be more efficient recycling paper or using electricity for internet transactions.

[markj113]

Maybe it would be a good thing in 50 or 100 years, it won't happen before then. Cash is incredibly wasteful really and vulnerable to fraud. It may be more efficient recycling paper or using electricity for internet transactions.

I would not exactly call bitcoin mining eco friendly either, uses a lot more electricity than printing off some notes.

[Slowturtleinc]

Think the signatures have to be from England and not from all over the world. 10K is easy to hit otherwise and they would be debating stupid stuff like Jedi weddings.

[pawel7777]

Think the signatures have to be from England and not from all over the world. 10K is easy to hit otherwise and they would be debating stupid stuff like Jedi weddings.

They don't debate after 10k, they would consider debating in parliament after 100k signatures.

And Jedi weddings are not necessarily the best example of stupid stuff, as almost 400,000 people in England and Wales declared  Jedi as their religion in 2001 census.

https://en.m.wikipedia.org/wiki/Jedi_census_phenomenon#England_and_Wales

[Slowturtleinc]

Think the signatures have to be from England and not from all over the world. 10K is easy to hit otherwise and they would be debating stupid stuff like Jedi weddings.

They don't debate after 10k, they would consider debating in parliament after 100k signatures.

And Jedi weddings are not necessarily the best example of stupid stuff, as almost 400,000 people in England and Wales declared  Jedi as their religion in 2001 census.

https://en.m.wikipedia.org/wiki/Jedi_census_phenomenon#England_and_Wales

Bolded: I never stated they debate after 10K but I can see how you came to that conclusion.

Red: If I recall the main reason those numbers where hit for Jedi Knights was more a political statement than actual religious number.
Otherwise Jedi Knights would be appearing in every Country with a open democracy. People do stupid things to make a point and will spite their nose if they feel they are being poor done by. I think it relates fine.

[s1lverbox]

Below response for petition which i linked here on forum.

Link to response:


https://petition.parliament.uk/petitions/109727?reveal_response=yes

[Spendulus]

Below response for petition which i linked here on forum.

Link to response:


https://petition.parliament.uk/petitions/109727?reveal_response=yes

So now the question is whether to continue the petition, in the believe that everything they say is lies, or whether to let the sleeping dogs lie, instead of waking them, or (smartest) buy more bitcoin....

[Bought]

Ive yet to see any petition to the uk goverment amount to anything, even after debating petitions that reach 100k or more ive never actually seen a change. Uk goverment will only stick with the status quo.

[s1lverbox]

The only way is to minimize bank usage and move towards bitcoin. U can easily save a lot living like that.

[alyssa85]

There isn't any way that cash would ever be abolished in the UK. Businesses like taxis and pubs would be up in arms about it, and the govt wouldn't ever allow it because it would cost them votes. The BoE can only set interest rates, they can't change the nature of the currency itself - that's down to Parliament.

I would continue your petition anyway - it would be useful for Parliament to debate it and publicly make the point that cash is here to stay.

[Bought]

There isn't any way that cash would ever be abolished in the UK. Businesses like taxis and pubs would be up in arms about it, and the govt wouldn't ever allow it because it would cost them votes. The BoE can only set interest rates, they can't change the nature of the currency itself - that's down to Parliament.

I would continue your petition anyway - it would be useful for Parliament to debate it and publicly make the point that cash is here to stay.

Id say we are at least 100 years away from being cash free. What you have to remember is we havce people in society still who dont even have a computer at home or a mobile phone. People like this will always rely on cash for any transaction.

[Losvienleg]

UK citizen : if you don't want the Americano-mondialist-Jewish oligarchy to know everything about your life and your expense, thus having the possibility to do what they want of you, sign this petition, or use Bitcoin !

[designerusa]

Think the signatures have to be from England and not from all over the world. 10K is easy to hit otherwise and they would be debating stupid stuff like Jedi weddings.

according to me, even though they can find 100k signatures from england, united kingdom government wil not care about this petition..  they just want to suck british people 's blood for sure..

[Daniel91]

Think the signatures have to be from England and not from all over the world. 10K is easy to hit otherwise and they would be debating stupid stuff like Jedi weddings.

according to me, even though they can find 100k signatures from england, united kingdom government wil not care about this petition..  they just want to suck british people 's blood for sure..

I agree with you.
In some countries like Switzerland, if so many signatures are collected, government would be required to call a referendum and would have to accept the will of the people, whatever it is.
In UK, I don't think they will do something like this.
Government will do everything in their power to protect and help financial industry, not ordinary people like you or me.
It's sad reality.