The concept of a local currency is one way to encourage people to go to the high street through a creative use of supply side economics. A local currency would enable towns and cities across the country to stimulate economic activity in their floundering high streets. We need to encourage small business activity during this time of economic uncertainty, as small and micro businesses encourage entrepreneurship and form the backbone of our economy. Independent shops give our high street character and provide an incentive for people to visit our historic towns. The so-called ‘Death of the High-street’ is not just about national chains relocating, but the closure of small businesses. The use of a local currency would help reinvigorate it.
By Olivia Hanks
When a vote to ‘take back control’ has given us a new Prime Minister elected by no one – not even by her own party, let alone the country – it’s tempting to give up on it all in despair and just run around collecting imaginary monsters instead. Those, at least, we can control.