Britain is facing the cashless threat

BRITAIN is in danger of sleepwalking into a cashless society, Parliament will be warned this week.

Concern is mounting that more shops and businesses across the country now refuse to accept cash payments and the days of being able to use notes and coins at all could be coming to an end. Fears were already high that bank branch closures and the removal of free ATMs had made it difficult for people to get hold of cash. Former Scottish Secretary David Mundell said: “The big issue now is we could be sleepwalking into a cashless society because the number of places that people can actually use cash is reducing". 

The British Retail Consortium (BRC) reports that more than two million people in the UK are “entirely dependent on cash”. Cash purchases, it adds, accounted for £78billion of research purchases last year.

Last month consumer watchdog Which? warned that the “viability of Britain’s cash system” is under threat.

Read more 

Go Further
1 2 3 4 5 » ... 6

The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

Newsletter subscription