News Archive 2024

Liberal Democrats leader Ed Davey has identified that constituencies with a GAIL's Bakery are winnable? Gail’s are, of course, “cashless”, presumably on the basis that it’s easier to get people to pay those prices when they are not actually giving a thought to how much they are spending…. Such prices may be required to put the icing on the cake for Bain Capita....

Who would have believed it? App outages - how could that EVER happen? 🙁🙁🙁🙁 The harsh reality is they are CONTINUALLY happening! Cash NEVER crashes; it is NEVER hacked. Relying 100% on systems we all KNOW are bound to fail would be the ultimate folly. Which is why the British public will NEVER accept a “cashless” UK being imposed on them! Source: bb....

It is absolutely true that cash doesn’t crash - but that won’t retain cash as a payment choice for the public without legislative action. Banks in Australia have been pushing the country towards “cashless” for at least the last 15 years. They have no intention of stopping. One academic quoted in this article states, whilst seemingly predicting that Australia will be &ldq....

A useful article from MoneySavingExpert.com However, “protecting cash” involves far more than just basic access, which is what communities get, for example, from a counter service only post office. Full “protection” can only be provided through 24/7 availability of cash and multiple convenient access points, in each community where cash is being “protected”. ....

The main thing to focus on in this article is this quote: “Since 2019, people have voted with their feet and chosen the convenience of contactless payments, or shopping online. Today, 14 per cent of people say they never carry cash.” When YouGov carried out a recent for the Payment Choice Alliance, only 13% of those interviewed said they wanted a “cashless” society. So w....

The sad thing is that the total Post Office banking revenues quoted in this article are very LOW. There are 11,500 post offices. So average banking revenues per post office branch are just over £20,000 per annum. Revenues per banking transaction must be pitiful. And if total revenues from banking services are truly higher than the average post office earns from parcels and letters, then t....

Here we go again. A bank announces a review of whether a branch is going to close or not. A very colourful 7 page branch closure “review”document is produced; followed by a second less colourful 3 page document announcing the “review” has been completed and it is confirmed that the branch is closing. As you might imagine, branches almost NEVER survive such “reviews....

This article from 2017 reported on a YouGov survey that revealed 34% of British adults expected the UK to go “cashless”. Seven years on the figure remains under 50%, despite the pandemic, with its empty High Streets and the anti-cash antics of the massively funded “cashless” promoters Visa, Mastercard and Apple over the intervening years. And these figures are EXPECT, not....

A General Election means that the fervently anti-cash HM Treasury cannot muzzle the Bank of England. Note the difference in tone from the Bank Governor Andrew Bailey now the shackles are off until the new government is in place on 5 July. Look at this quote from Andrew:
“We know that cash is important for MANY people, and we are committed to providing banknotes for as long as the pub....

Rather than just asking for people and businesses to submit views, the Channel Island government should do a proper survey of the public. That’s what the Payment Choice Alliance did in the UK last year, through YouGo. The Alliance found that only 13% of British adults in any way favoured a “cashless” UK; on the other hand, 71% wanted a law put in place to give them the right to ....