New laws came to scrap metal yards on Monday the 3rd of December.
Metal dealers will no longer be able to trade in cash and will face tougher sanctions for rogue trading.The measures are designed to stamp out the illegal metal industry, which costs the UK at least £220 million a year. From 3 December, legislative changes will take effect to:
- remove the 'no questions asked' cash payments which have allowed unscrupulous traders to evade checks
- increase financial penalties – illegal traders will now face fines of up to £5,000
- give police new powers of entry to tackle illegal trading in metal yard
Is this the end for local totters? many of which don't have bank accounts?.
My local yard has to issue you with a cheque and have photo id cards coming soon that can apparently be used at cash points.
This can only be a good thing, more on this to come.
Here is a link to the original article