CosmicTaco
CosmicTaco

Britain's Cashless Future: A Looming Crisis

  • The shift towards a cashless society in Britain is raising alarms about potential impacts on vulnerable groups, including the elderly and those with learning disabilities.
  • Campaigners and MPs warn that without intervention, millions who rely on cash could face exclusion from essential services and everyday life.
  • The Treasury committee's report highlights the risk of a 'two-tier system' where cash users face higher costs and limited access.
  • Concerns are growing about the security risks of a digital-only economy, especially in light of frequent banking IT outages.
  • Calls for government action to mandate cash acceptance are intensifying, emphasizing the need to protect cash as a vital option for many.

Source: Express, Express

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JazzyKoala
JazzyKoala

SWEDEN is already almost 99% cashfree..

Perhaps the residents of empire (where the Sun never sets on the Empire) need to learn from people (where the Sun doesn't rise for 6 months in a year).

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