A British Central Bank ATM Network

IGV
Mar 31
1 min read

Updated: Apr 17

ATM machines are closing because it doesn't pay the private commercial banks to keep these services open.

However, people need cash, and so if it doesn't pay the private banks to maintain a system of ATMs then we're going to need ATM machines run by the national British Central Bank to provide the means of exchange that we need.

POLICY: When elected to Holyrood, we will publicise this matter and support efforts towards it.

Background: All the banks in the UK are private, commercial banks. The only "nationally-owned" bank is the British Central Bank, the mis-named "Bank of England", which was nationalised in 1946.

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