Cash makes comeback as cost of living crisis bites, says Post Office

Branches handled record £801m in personal cash withdrawals in July as people struggle to manage spending

Cash has made a comeback as a result of the cost of living crisis, with record amounts being withdrawn as consumers increasingly rely on notes and coins to help them manage their budgets, figures show.

While the pandemic accelerated the UK’s embrace of card and digital payments, the economic crisis – with inflation going up and many bills expected to rise further – has led a growing numbers of people to turn once again to cash to help them plan their spending.

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