Replacement currency deaadlne ...

[Clarets4me]

Just in case some of you aren't aware, taken from yesterday's Sunday Times, I've copied and pasted it as it's behind a paywall ...


" Bank of England officials have warned that a " significant " number of people, primarily the elderly, are still unaware of the May 1st deadline for the exchange of existing coins and notes for the new issue, bearing the image of King Charles. However, a spokesman played down fears that the change would spark chaos. " The process has been underway since February and we have seen good progress so far. With card and digital payments now dwarfing the amount of cash transactions, it has gone a lot smoother than expected " said Sir Peter Dawkins, Deputy Governor of the Bank of England. " We have also taken advantage of the change to introduce new security features to our banknotes, designed to discourage potential forgers "

In March 1954, the last time this exercise was conducted, the Bank came in for strong criticism for their handling of the matter. Chancellor Rab Butler was recalled to the House of Commons for urgent questions and the Financial Times described the whole process as a " shambles of the highest order ".

Sir Peter, however, is not expecting a repeat, " Most people were paid in cash at that time, and communication tools such as E-mail & social media weren't available to our predecessors. However, I would urge anyone with elderly relatives to check that they are aware of the process ". The other major concern is savings jars and children's " piggy banks ", which, according to an estimate from the Consumer magazine, " Which ? ", may contain up to £30m in coins nationwide.

Labour's shadow Chancellor, Rachel Reeves, has called for an extension for the deadline, calling the time frame " ridiculous ". A spokesperson for the National Federation of Small Business Owners, Ahmed Chaudry, said " This is just another cynical step in the Treasury's drive to eliminate cash from our economy ".

Banks and Post Offices are gearing up for the inevitable " rush " by hiring extra agency staff, and in the case of HSBC, inviting staff who have retired within the last 24 months, to return on a temporary 2 week contract. Denise Edwards, who retired from the Bank's Taunton branch last March after 38 years of service, is among those taking up the offer. " It's a once in a lifetime event, and the extra money will come in handy for my next holiday. "

[BabylonClaret]

Nice try

[NewClaret]

Good one

[Bosscat]

King Charles notes arent being released until June Good one

[claret2018]

Is there anything as tedious as April fools day stories in the papers.

[dsr]

Is there anything as tedious as April fools day stories in the papers.

Especially those printed on March 31st.

[Clarets4me]

Is there anything as tedious as April fools day stories in the papers.

It wasn't in the " Times ", it was all my own work ...

[Bosscat]

It wasn't in the " Times ", it was all my own work ...

Tbf the punctuation gave that away

[Clarets4me]

Tbf the punctuation gave that away

My late English teacher, Jack Longstaff would be ashamed of me ... I thought it read well though !

[Bosscat]

My late English teacher, Jack Longstaff would be ashamed of me ... I thought it read well though !

Not bad have copied and pasted it to our whatsapp group

[Bosscat]

IMG-20240401-WA0001.jpg (79.1 KiB) Viewed 909 times

London Eye is being dismantled and shipped up to Edinburgh ... They are going to call it the Och Eye.

[Clarets4me]

Not bad have copied and pasted it to our whatsapp group

With the punctuation corrected ? Let me know if you get any " takers " ... my son fell for it " hook line and sinker " ..

[Quicknick]

It wasn't in the " Times ", it was all my own work ...

Are you short of something to do?

[Clarets4me]

Are you short of something to do?

The joys of semi-retirement ...

[Quicknick]

The joys of semi-retirement ...

Fair enough. It was a well-put-together piece.

[beddie]

Thank you for this. I’ve just rung my 70 year old farming friend. He’s well known for putting all his money under the mattress, never trusted banks/ building society’s. He knows he’ll have a few million so I’ve offered to go up and help him sort it out. I remember he used bailer twine to wrap round his bundles of notes as he said rubber bands don’t last. I’m taking up a few empty suitcases with me, I think they’ll be needed.

[dsr]

Thank you for this. I’ve just rung my 70 year old farming friend. He’s well known for putting all his money under the mattress, never trusted banks/ building society’s. He knows he’ll have a few million so I’ve offered to go up and help him sort it out. I remember he used bailer twine to wrap round his bundles of notes as he said rubber bands don’t last. I’m taking up a few empty suitcases with me, I think they’ll be needed.

If he's 70 he'll remember spending George VI shillings right up to the 1980's.

[beddie]

If he's 70 he'll remember spending George VI shillings right up to the 1980's.

Probably, the trouble with him was that he wouldn’t spend anything unless it was absolutely necessary. He often said I might need it one day.

[dsr]

Probably, the trouble with him was that he wouldn’t spend anything unless it was absolutely necessary. He often said I might need it one day.

It's after 12 o'clock so you can stop now.

[beddie]

It's after 12 o'clock so you can stop now.

The trouble is dsr the majority of it is true.