Cash Matters in Britain with Usage Rising and New Safeguards Proposed

Cash use has risen UK-wide for the first time in a decade, coinciding with a financial watchdog recommending new rules requiring banks and building societies to actively address gaps in local cash access.

The British Retail Consortium (BRC) Payments Survey 2023 showed a rise in cash transactions of four percent over the previous year—from 15 to 19 percent—which is the first increase since 2013.