Posted on 12/16/2009 2:33:00 AM PST by markomalley
Cheques are likely to be abolished following a vote today to end the 350-year-old means of payment.
The Payments Council is due to decide whether to abolish the national cheque clearing system, a move which would effectively make all cheques redundant. The change would be phased in over several years and completed by 2018.
Despite growing reliance on debit cards, almost 4 million cheques are written every day in Britain. However, this is still two-thirds less than two decades ago, and numbers are expected to continue to decline, dropping to 1.6 million by 2018.
The move is likely to anger many people, charities warned, particularly older people who tend to prefer cheques to plastic cards and who are less likely to use online banking to do electronic transfers.
Andrew Harrop, head of public policy at the charity Age Concern and Help the Aged, said: “Many older people rely on cheques as their main form of payment and will be very worried about how they will manage if they are withdrawn.
"Without cheques, we are very concerned people will be forced to keep large amounts of cash in their home, leaving them vulnerable to theft and financial abuse."
(Excerpt) Read more at telegraph.co.uk ...
I wonder how long it will be till we follow suit over in this country?
“The move is likely to anger many people”
Doesn’t matter in Britain. They have no power, because they have been convinced that power is given.
Power is NEVER given, it is only EVER taken.
UK acting stupidly.
Not to mention the fact that it makes it harder for the government to take the money.
Exchequer
Sorry
That is not the kind of place that any good person would want to visit or otherwise contribute to its powers-that-be.
This will hurt charity donations.
......another step towards the mark of the beast.....
Well, there you have it: this is really a bill to raise the pay of all of those hard-working thieves, burglars, muggers, and home invasion artists. This way, they can be assured of stealing a living wage with every break-in. No longer will they go to all of the trouble of breaking into a home, terrorizing the occupants, and not getting enough renumeration for their time and effort to pay for bus-fare to the nearest pub.
I’ve experienced too many computer breakdowns to ever go to online banking.
We are pretty much already there. With direct deposit and debit cards,plastic gift certificates and payment cards, on line direct d electronic clearance, paper checks are near obsolete now
According to the article in this thread: “This means that from December 2009, every single financial transaction done by every single European banking customer will come under the scrutiny of the US authorities.”
http://www.freerepublic.com/focus/f-bloggers/2388574/posts
Excerpt:
On November 30, one day before the Lisbon Treaty is scheduled to take effect, the ministers of justice of the EU’s 27 member states will sign yet another security agreement with the US. It is supposed to be an essential weapon in the global “War on Terror” the US claims to be fighting.
Under the new agreement, the US government will get access to all the banking data of all Europeans. This means that from December 2009, every single financial transaction done by every single European banking customer will come under the scrutiny of the US authorities. Henceforth, whenever the US government suspects a European “citizen” of supporting terrorism, it can request all his or her banking data, including all bank statements as well as any and all personal data connected with the account.
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