A British Central Bank ATM Network

IGV
2 days ago
1 min read

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.

Recent Posts

See All

6 Policies on Renewable Energy

Scotland is an energy-rich nation – both in traditional fossil fuels and also in renewables. Renewables, however, are very heavily subsidised by UK taxpayers. Wind power, for example, relies on mass

Cheaper Food and Cheaper Energy

3 GUIDING PRINCIPLES for a NATIONAL ENERGY POLICY We advocate that Energy Policy should be based on the Principle of National Energy Independence – rather than "Net Zero for fear of Climate Change". W

How the Bond Markets Work (Part 2 of 3)

In the first article we explained the basics about how governments borrow from "the bond markets" and how this puts our democratically-elected governments "in hock to" these markets. It makes them und