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“It’s not just about economics, it’s about the community.” Is a local currency really the answer to the ever-declining high street?

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Kingston has recently joined the country’s greats, Brixton and Bristol, with its implementation of a local pound as a means to benefit the local area. But why do local councils opt for this shift? And will it really benefit the local community in the long-run?

“Not a replacement currency”
Andrew Connolly, 55, co-founder of the Kingston Pound assures us that this is not some step towards anarchism:
“We’re not from the transitionist movement. We’re not trying to replace the British Pound; rather, we want to work alongside it.”

The local currency is an attempt to revive the community, the municipal togetherness that is often lost in a big city such as London. As little boutiques and quaint market stalls attract admiring glances and curious ramblers, they do little to entice the ever-disappearing money squanderers, instead receiving sympathetic waves as their would-be customers stroll over the road to Tesco’s.

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