UK’s cash system ‘on the verge of collapse’, report finds

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Review predicts cash could fall to just 10% of all payments in the next 15 years

More than 8 million UK adults would struggle to cope in a cashless society, according to a major report which claims that the country’s “cash infrastructure†is in danger of collapsing.

With Britons increasingly turning to digital payments, and bank branches and ATMs closing, the Access to Cash Review said companies and organisations providing “essential†services should be required to ensure that consumers can continue to pay by cash.

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