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British banking

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nannypearce | 20:39 Wed 20th Sep 2006 | Business & Finance
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What is the banking system used extensively by government departments
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Not sure, but I can tell you the banking system used by the Inland Revenue.

It's called, "Whatever you've got, and whichever bank you're saving it in, send all of it to us NOW"
Pretty sure this was a crossword question in last Saturday's Telegraph which has been answered here before as giro.
I think it's BACS but it must be very inefficient as the Govt. seems to lose and waste a lot of it !

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British banking

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