Friday, July 17, 2009

Your money, you choose!

THE Co-operative Bank has revealed our thoughts on what our money should look like.
Following recent news that future £50 notes will feature Scottish engineer James Watt and Matthew Boulton and that Henry VIII will appear on limited edition £5 coins, new research by The Co-operative Bank Current Accounts reveals who the nation really wants to see on our bank notes.
Top ten dream ‘faces’ of UK bank notes:
Prince William (14.5%)
Stephen Fry (10.9%)
Ant & Dec (8.6%)
Prince Charles (7.8%)
Richard Branson (5.1%)
David Beckham (4.6%)
Simon Cowell (4.5%)
Bruce Forsyth (3.2%)
Cheryl Cole (3%)
Boris Johnson (2.2%)
The study also found that when spending more than five pounds, 52% of people in the UK prefer to use their cards instead of cash. Surprisingly, on average, the maximum spend per transaction on cash from men is £450 whereas for women its £310.
At any one time women tend to carry around an average of £24 in cash, whereas men carry £31 cash. Unsurprisingly, most women believe they spend their money quicker when using cards (52%), whilst most men think cash is easier to spend (53%).
The results also reveal that the UK’s favourite bank note is the £20 (40%), followed by the tenner (28%), the £50 (17%) and the good old fiver (14%). However, 43% of people would like to see the 1p scraped, followed by 5p (26%), 2p (19%), 10p (3.9%), 20p (3.6%), £1 (2.4%) and even the 50p coin (1.6%).

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