Cash seems to work virtually anywhere too and does not need an internet or telephone connection.
15 Feb 2019 09:11 Read comment
There seems to be a lack of understanding by both government and the banks regarding money. The money in a bank account is owned by the individual or business. In return for looking after this money, the banks get to enjoy the use of it and are able to lend it at substantial mark up over the rate of interest (if any) paid to the individual or company.
It is unreasonable for the bank to either make it difficult to withdraw your own money, or charge a fee for withdrawal.
However, both of these scenarios are now happening. By significantly reducing the number of branches and ATM's the banks are trying to force people to use debit cards which, of course, incur fees to the banks.
Given such poor interest rates, time to start stashing large amounts of cash under the bed, or somewhere similar. At least you then have unlimited access.
14 Feb 2019 16:35 Read comment
In the UK, we have had direct payment into your bank account of salary / wages for 50 years. We have had variable amount direct debits to pay regular payments for the same length of time. With a bank account and a debit card there is no need for a pre-payment card. In fact, pre-paid cards are almost unheard of. I have not written a cheque for more than ten years.
05 Feb 2019 08:41 Read comment
The Bank of England has published statistics to show that the amount of cash in circulation has increased year-on-year over the last ten years. Eight million people in the UK rely solely on cash, many in rural communities with poor broad band connectivity. We are a long way from being a cashless society.
03 Jan 2019 09:28 Read comment
Another alternative is sharing branches in a rural community. One shop with services from six or more banks, be there humans or video links, it does not matter. In addition, a free to use shared ATM. This reduces overheads to a manageable number.
12 Dec 2018 09:02 Read comment
Bob, given all of your blogs about these companies it is very obvious that you have a serious axe to grind against them - why I do not know, but it is getting quite boring. If you would like to check several other major companies you will find that they, too, have swapped company registration details. Both British Petroleum and British Airways did it for vanity - BP now has the company registion number 1000000 (the equivalent of buying a personal registration number for your car) and British Airways for the same reason - now company registration number of 1777777. I do not know the reasons behind their changes, but I'm not sure it is worthy of this amount of space
27 Nov 2018 09:58 Read comment
Nowhere do you or they mention why they need an additional £20 million, having already raised £85 million.
27 Nov 2018 09:46 Read comment
Bitcoin still has a long way to go to be acceptable to a wider audience. It remains the currency of choice for illegal trading - drugs, arms, hijacking, fraud, etc. Until this reputation dies out, the wider audience will avoid it like the plague.
26 Nov 2018 09:26 Read comment
The comparethemarket.com survey results assume that there are 50 million adults in the UK with a credit card. I do not believe that there are 50 million adults in the UK. Second, where and how were these 2,000 people surveyed? Stating facts from a very small survey is likely to be inaccurate, to put it mildly. I suggest that you read that remarkably old book by Daryl Huff - How to lie with statistics.
23 Nov 2018 10:16 Read comment
I think you may have missed the point. My son & I do not use any social media whatsoever. Neither of like the harvesting of data and neither of us are interested in following 'personalities'. Most of our friends in our respective age groups think exactly the same. We use e-mail, text and telephone and occasionally use Skype & LinkedIn, but do not use Facebook, Instagram, Snapchat or Spotify. It could be related to our careers in IT, whereby we are fully aware of the consequences of using social media and are also fully aware of the alternatives.
20 Nov 2018 09:25 Read comment
Martin RudaManaging Director at Tall Group
Andreas BittnerManaging Director at Bitfast GmbH
James MaxfieldManaging Director at Ascendant Strategy Ltd
Chris MorganManaging Director at HoC Solutions
Luke WattsManaging Director at RoundWorks IT
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