The Cabinet paper that is being considered today will, if passed bring in the RBPound, the same kind of scheme currently used down in Brixton. Designed to encourage shopping in local independent stores, its hoped this idea will take off rather than fall flat as the ill-fated Wedge Card has done.
The basic concept is that you tip up to a participating retailer and swap proper pounds for these RBPounds, and then you spend them in any other participating store. The change is given in RBPounds, and its only notes in denominations of RB1, RB5, RB20 and RB50.
Sort of like a gift voucher.
However, as usual here in the Rotten Borough things dont always go so smoothly. Hornet learns that a row is brewing as Sir Cockle has been touring the borough having his mug shot in front of Borough landmarks to be watermarked on these new notes. Much to the dismay of finance big wig Light Foot who thinks the notes should have the images of famous borough residents of yester-year, and Danny who doesnt care who is on the notes as long as its him on the RB50 one.
Anyway, the scheme is being piloted in the Kings Road area and "goes live" early next week coinciding with the time the Wedge Card reaches its first birthday.