So Are Scottish Bank Notes Legal Tender Or What?

By Gary Cutlack on at

A liberal democrat MP is hoping to solve the long-running debate over whether Scottish bank notes are technically "legal tender" or not, by bringing the issue to the House of Commons in a possible future bill.

This is a move by Scottish Liberal Democrat MP Alistair Carmichael to alter the status of Scotland's paper money, which does not technically carry the status of legal tender – not due to looking funny and coming in loads of types from loads of different banks, but thanks to the way the entire Scottish banking system works. They're not even legal tender in Scotland.

The boring fact is that the technical status of Scottish bank notes is that they are "legal currency" across Scotland and the entire UK, although this does not mean English businesses, baffled by someone in walking boots trying to palm off a £100 note with Borat on it, are legally required to accept them.

This ought to change, says Carmichael, who said: "There is no reason to make a distinction between Scottish and other banknotes as acceptable payment. It’s beyond time we give legal force to the well-known phrase 'that’s legal tender, pal'. I hope that this bill will encourage businesses across the UK to recognise and accept Scottish currency. [Guardian]