Two-tier society fears with move to cashless transactions

BUSINESSES may need to be forced to accept coins and banknotes, to make sure the UK does not “sleepwalk” into a loss of cash acceptance for those who rely on it, the Treasury Committee has warned.

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The committee said “cracks are beginning to show” and it is urging the Government to undertake a “vastly improved” monitoring of cash acceptance levels. Not doing so could risk creating a two-tier society, where vulnerable groups become excluded from community spaces such as leisure centres, theatres and public transport, it added.