Race to spend sterling as British economy is discontinued

author avatar by 6 years ago

There are concerns over the amount of sterling left in people’s pockets as Britain’s well-rounded economy becomes a thing of the past.

The new moneyless economy of high unemployment and limited trading opportunities – which the government started rolling out several months ago – is now the only regime in which businesses can operate.

Some analysts have expressed concern that billions of British pounds are still in circulation despite the government’s efforts to implement a gradual devaluation.

There have also been a number of complaints that overseas suppliers have been giving change in sterling despite knowing it would soon be worthless. However, a number of countries have promised to give UK trading partners a period of grace.

A Treasury press release said, “Germany, France and Italy have all agreed to continue accepting British money until Christmas and we are confident that other nations will follow suit.

“We are advising all individuals and business enterprises to check down the back of their bank accounts and in the ISAs they opened last winter to see if they have any sterling left.

“If they have, they should get out there and enjoy spending it while they can.”