Should We Lose The £50 Note?

[agchristie]

What's one of them? Would it help combat corruption?

http://www.theguardian.com/business/2016/feb/08/high-denomination-bank-notes-should-be-scrapped

[EDDIE51]

There is a valid point, if someone wants to transfer £150,000 or so for a slightly dubious transaction,you are not going to do it via electronic transfer as it leaves a trail, so you get the wads of 50's out and just tell the bank ''Yes, I sold my Rolls Royce for cash'' cash is untraceable.

[Jackdaw33]

White fivers also had problems; you had to sign your name on the back whenever you passed one over.

[EDDIE51]

A point in favour of £50 notes.Electronic or wire transfers are expensive.
£150,000 for example would cost a few £ hundred in fees , cash transfers are free !