Edition 17 - Gen Z Rejects ‘Cashless’!

A Payment Choice Alliance Newsletter

Gen Z Rejects ‘Cashless’!

Over 50% of Gen Z told this survey they don’t want to go ‘cashless’. The closing statement in this article is the most important:

‘The transition to a cashless economy will depend as much on trust as it does on technology.’

The British public will NEVER trust ‘cashless’, which is why 88% of us told a recent survey that we want to retain the option to use cash. The British public TRUST cash because it ALWAYS works and has consistently - for a mere 2100 years - safeguarded their privacy and security.

Cash is NOT a problem searching for a digital solution. Cash is the solution that leaves digital acceptable for those who wish to have alternatives to what always works.

Cash Users Are Not Criminals!

Some interesting figures in this article in The Times. The claim from HM Revenue & Customs is that the British public paying cash-in-hand is costing the British Government £2.3 Billion a year in tax revenue. VAT is at 20%. So if £2.3 Billion in VAT is being lost, it would imply that payments of £11.5 Billion are being made in cash each year to avoid VAT. Around £130 Billion in cash was spent in the UK in 2024, so even if this figure is accurate - not the made-up anti-cash propaganda that is becoming the norm in this country - it only accounts for around 8% of all the cash spent in Britain.

Put another way, the vast majority of all the cash used in the UK has zero connection with tax avoidance of any kind.

Or, looking at it from a different angle, HMRC collected £859 Billion of tax in the last financial year. So a loss of £2.3 Billion because of cash-in-hand payments would amount to only 0.27% of tax collections.

Even if this seemingly deliberate stigmatisation of cash is true in the first place……

What a massive problem cash is - NOT!

Mark Garnier OBE, a Conservative MP, is saying legislation should be passed limiting cash purchases to £500. Mark, before you start trying to limit cash purchases via legislation, have the decency to first pass a law that gives the British public the legal right to spend their cash, when and where they choose.

The British public are NOT criminals and deserve the same rights in relation to cash use as citizens in all the UK’s European neighbours.

Keir Starmer’s Perfect Digital World Starts To Disintegrate!

PM Keir Starmer saw his digital ‘Government Gateway’ go down entirely on one recent day, when Amazon collapsed.

A real blow to a man who thinks digital - including for ID’s - is the answer to everything!

And were you watching HM Treasury?

Your ‘National Payments Vision’, relying entirely on digital, is in tatters before it is even published.

Cash ALWAYS works - and has done in Britain for two thousand years. Cash is NOT a problem in need of a digital solution, and NEVER will be!

Please Tell Your Friends About The Payment Choice Alliance

The PCA needs all the active supporters we can get! So please tell your friends about YOUR support for the Payment Choice Alliance - and urge them to visit our website to register THEIR support!

THANK YOU.

Take Action to Protect Cash

About Us

The Payment Choice Alliance, founded in 2014 and relaunched in 2023, is a campaigning organisation committed to ensuring the right of the British public to use cash is safeguarded by the passing of a Payment Choice Act.

The Act would give everyone in the UK the right to use their cash, when and where they choose.

The Payment Choice Alliance, which is run by committed volunteers, is also focused on ensuring every community in the UK has convenient cash withdrawal and deposit facilities. The provision of such facilities, along with the legal obligation of businesses to accept cash, will ensure cash remains a viable Payment Choice for the British public for as long as they want to use it.