One again I’m sitting here at the last minute, ankle deep in bank statements doing absolutely anything other than actually filling in the blanks on my online tax return.
I looked in the cupboard to see if Moira Stewart was going to give me some words of encouragement, but all I found was biscuits. That’s probably a win then.
The (bastard) banks are phasing out cheques as you know, and I foresee something the (bastard) bankers may not have, or have and don’t care for mentioning. As a business I accept all forms of payment except credit and debit cards, I have used PayPal on occasion, BACS is simple, cheques are easy and help book-keeping and of course there’s cash.
Now small businesses dealing with the public, joiners, electricians etc almost always get paid by cheque or cash, few of us have swipe machines in our vans for cards, and not many punters want to set up an electronic payment account for getting their heating fixed.
So when cheques are dead, unless the banks are going to hand out card readers and drop any charges associated with accepting that form of payment, it’ll be cash for all. In fact, how many businesses will go all cash? Suddenly they’re paying for materials as well as getting paid in cash, and within a couple of years we’ve got a black economy where the money is untraceable and self employed people are dropping off the tax radar in their thousands.
It’s going to be as funny as hell when the government had to fund the poor (bastard) banks panicked reintroduction of cheques to save the economy. Again.
I dunno, is it time for a revolution yet?