Why Legislate To Protect The Black Economy ?
Friday 4th December 2020
Labour's Yvonne Fovargue , is reported in today's Daily Telegraph , to be urging the Government to legislate to protect cash.
Cash is the currency of criminals , tax cheats and supports The Black Economy for which all hard-working , honest , tax paying people are paying.
Cash is no longer needed and the use of bank notes and coins is decreasing.
We now have a variety of secure payment systems to suit everyone , every business , charities , elderly people , children and disadvantaged people.
If everyone , who currently evades tax by the illicit us of cash , did pay their fair share of tax , then a cashless UK would see at least a £20 billion yearly boost to our economy which could help fund our essential public services while we strive to pay off the vast Coronavirus debt.