In the News

Covid-19 speeds up the decline of cash

19th January 2021

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An increasing number of businesses are turning cashless as a result of the pandemic and the closure of many local bank branches.

Consumer groups, such as Which?, are concerned that Covid-19 is speeding up the decline of cash. A Which? survey suggests that there are over 10 million UK consumers, mostly made up of elderly and vulnerable individuals, who rely on cash to go about their daily lives.

More than a third of UK shoppers blocked from paying with cash in Covid-19 crisis https://t.co/Njcg8VQA7r
— Guardian Money (@guardianmoney) January 19, 2021

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Ollie Gardner

Ollie is a new economics teacher at an academically selective school having previously worked in the healthcare technology industry.

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