Only 3 per cent of UK adults have become completely ‘cashless’ — never using banknotes or coins for payments. Yet, some 5,000 bank branches have disappeared from our High Street over the past eight years, with more scheduled to close. Banks claim the closures are due to a change in habits, with more people preferring to do their banking online and going cashless. Action group Cash Access UK has been set up to ensure abandoned communities are provided with banking hubs, where representatives of different High Street banks support the community various days of the week. Five million people rely on cash for day-to-day budgeting, while two million households have no access to the internet.

Source: Daily Mail June 13, 2023 22:51 UTC