Cash withdrawals in the UK have increased by two thirds following the easing of lockdown measures on 4th July 2020, which saw pubs and restaurants re-open across the nation.
The news is accompanied by findings from a spending survey which revealed “53pc of people have used cash in the last fortnight” with 8pc of people using cash for a haircut and 4pc using “coins and notes in the pub.”
The data, provided by Link, which operates Britain’s main cash machine network, states £1.5bn in cash withdrawals are occurring each week with an average withdrawal value of £77. The findings, which have been published in The Telegraph, address the “fears that coronavirus would cause an irreversible slump in cash usage”, defying those speculating that covid could lead to the demise of the legal tender in the UK.
