Due to the General Election, the Yorkshire & Humber regional seminar has been postponed from 9th Dec to Wed 15th January at North Yorkshire County Council. Invitations to follow!
Yahoo Finance covers the report which found that 83 per cent of the UK’s population would be able to cope in a cashless society.
Unsurprisingly, London is the most prepared for a cashless society with an 8.5 per cent drop in cash usage between 2017 and 2018. Southern regions appear better prepared than northern regions, with 7.7 and 7 per cent drops respectively.
The north west of England has seen a 3.3 per drop in cash, meaning that it would be harder hit without cash. In Northern Ireland cash withdrawals have only reduced by 2 per cent between 2017 and 2018, suggesting people living there are likely to struggle in a cashless Britain.
Yahoo Finance attributes this to the many rural communities in Northern Ireland ‘which are likely to be the worst affected if the UK stops using cash’. Less than a third of UK transactions are made with cash, and the report’s authors predict this figure will be just 10 per cent by 2026.
Yahoo Finance - Which UK regions are prepared to go cashless?
thinkmoney - Cashing in: the benefits of a cashless society
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