Sponsored by TallyMoney
Politicians disagree about almost everything. But when it comes to your money, the assumption rarely changes: earn it, put it in a bank, and trust the system to look after its value.
Cameron Parry, founder and CEO of TallyMoney, thinks the public deserves another option.
Speaking to Ross Kempsell from Guido Fawkes, Parry outlined a straightforward proposition: an everyday account and debit card where your balance represents gold, rather than pounds.
“You own gold instantly, and you’ve got the ability to do payments and spending in real time,” he explained.
The idea is to combine something familiar, a mobile account you can use for everyday payments, with something rather different underneath it. Instead of holding a sterling balance, Tally customers hold milligrams of gold.
For Parry, this is about more than making gold easier to buy. It is about giving people a choice over the money they use.
His criticism of the existing system is blunt. Savers, he argues, are expected to accept decisions about money creation and inflation while having little influence over either.
“If the government-run thing is failing the public, then it’s up to the private sector to come up with solutions.”
That is the thinking behind Tally: not another political campaign demanding that ministers fix everything, but a business attempting to offer an alternative.
Customers can use their gold’s value for payments through an account and debit card, rather than treating it solely as an asset to buy and leave untouched.
Parry describes the system as “100% full-reserve gold”, with no credit within Tally’s monetary system. He says customers’ gold is held in high-security Swiss vaults operated by Brink’s and is fully insured.
There are important distinctions. Tally is not a conventional sterling bank account, and its gold balance is not covered by the Financial Services Compensation Scheme. Gold’s price also moves: owning it does not guarantee that your balance will rise in pound terms.
But the central proposition is simple. You do not have to agree with every part of Parry’s diagnosis to be interested in having another option.
Westminster can keep arguing about how to run the system. Tally wants to let customers choose something different.
Find out how Tally works, including its fees and account terms CLICK HERE
This particular receipt is from 18 May this year. You don’t have to go back far…
“My view is that Brexit has been damaging. But I also believe the last thing we should do right now is rerun those arguments.
Britain will be stuck in a permanent rut if we’re constantly arguing and people are pulling away from each other.
Surely it is time to bring people back together, to focus on what we’ve got in common and to get the growth coming to all places.
That is what we need in this moment, and it’s really important that, whatever comes out of this by-election, there’s a more unifying feeling about the change we need to work towards.
I am not proposing that the UK considers rejoining the EU.
I respect the decision that was made at the referendum, and it would undermine everything I’ve said about strengthening democracy if we don’t respect that vote.”
Words, eh?
A bloody battle for second place…
Counter Terrorism Police:
This morning two men have been charged under the National Security Act, following an extensive investigation into activity which took place near RAF Fairford on Sunday 27 September.
Head of National Counter Terrorism Policing in the UK, Assistant Commissioner Laurence Taylor, said:
“Earlier this morning, Nouman Essghir, 24, a British national from the Borough of Westminster, London, was charged under Section 4 of the National Security Act 2023, for suspected activity on Saturday 22 August. He was first arrested at the scene in Gloucestershire on Sunday 27 September, and re-arrested on 20 October.
“Essghir will appear at Westminster Magistrates Court this morning.
“A second man, a 25-year-old dual UK/Iranian national, re-arrested on the same date, has been released without charge. However, he remains on police bail following his first arrest on Thursday 1 October.
“Following the re-arrest of these individuals, detectives also interviewed a further man under caution.
“As a result, Mohammed Abdul Karim, a 24-year-old British national, from the Borough of Westminster, London, has been charged under Section 3 of the National Security Act 2023, which makes it an offence to assist a foreign intelligence service.
“In this case, we believe that country to be Iran. Karim will appear at Westminster Magistrates today.
“The five other men arrested in connection with this investigation, remain on police bail.
“We have seen a range of incidents in recent months that we believe have been directed by the Iranian state, and as the Director General of Mi5 said just the other week, we are working together to intervene, identify and respond to that threat.
“The public can help us with this, and as always, I would urge them to report anything that they’re worried about – those reports can and do make a difference.”
Business Secretary Jonathan Reynolds has just suggested to Nick Robinson on the Today programme that British officials are open to discussing the return of freedom of movement with the EU at their joint summit next month:
“They will be talking to them about what the future options for our relationship might be… no assumptions have been made on this. The British people are the people who will decide this, they’re the boss on this…”
Downing Street tied itself in knots on this yesterday after Burnham himself said essentially the same thing. The plan is in motion. Shambolic as it is…
A briefing to the Times confirms that Healey will use Wednesday’s budget to raise the minimum wage by about 3.9%. But he is slowing the catch-up for young workers…
The National Living Wage for those aged 21 and over is £12.71, which Healey will hike to about £13.20. The Youth rate is £10.85, which will go to about £11.27, the same 3.9% rise as the adult one. This breaks the pattern of large youth rises in the last two budgets…
The youth minimum wage rose 26% between 2025 and 2026. This both ends Labour’s promise to bring the youth rate up to the adult rate in this parliament and worsens the wage gap situation in the UK. The gap between Britain’s highest and lowest paid workers is smaller than in the Soviet Union…
The minimum wage is already two-thirds of the median wage in the UK. Madness….
Robert Jenrick told a rally on Monday:
“They say Chancellors are either undertakers or bookies. This one is an ostrich – and when the Chancellor buries his head in the sand, the rest of us, we’re left staring at his you know what.”