Bristol Pound: The accountant's view
The Bristol Pound was officially launched this week to support independent businesses and keep trade within the city. AccountingWEB sought the views of South West accountancy firm Bishop Fleming to find out what the profession thought about it.
The £B is the first local currency to be implemented across a major UK city and supported by a financial institution - the Bristol Credit Union.
Matthew Lee, managing partner of the Bristol office of Bishop Fleming, was supportive of scheme, but somewhat sceptical about it generating millions of pounds worth of transactions.