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The Bank of England to monitor cash acceptance
July 12, 2025
|Western Mail
THE UK Government has said the Bank of England will monitor cash acceptance on an ongoing basis, following a Treasury Committee report which raised concerns about the future of coins and banknotes.
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In its response to the report, the government said the Bank had committed to continuing to include an additional question on cash acceptance in its survey of consumers, after it was introduced in January.
The response said: “The Bank of England regularly collects data on consumers’ payment preferences, including the consumer experience of cash acceptance. In January, the Bank of England expanded this data collection with a new question seeking to understand the impact of a business refusing cash on individuals.
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