Cashless East of England Co-op Fails Members!
Posted on: 09/06/2025A quote from this awful story:
“Cashless stores will be a key focus area at the 2025 Retail Technology Innovation Hub Innovation Awards.”
Winning awards in 2025; illegal by 2026.
East of England Co-op should be ashamed of themselves for imposing “cashless” on their customers - and at a Railway Station, which is subsidised by the British public?
Did they ask their 177,000 members to agree to “cashless”?
Let’s hope the directors of East of England Co-op pay out of their own pockets the cost of switching this store to accepting cash when it becomes illegal for UK shops to refuse cash payments.
It is an absolute disgrace that an organisation calling itself a “cooperative” should behave in this way.
The provisions of the Co-operative and Community Benefit Societies Act 2014 make clear that “Co-operatives trade for the mutual benefit of their members, and the FCA [ Financial Conduct Authority] as registrar will judge the legality of their initial or continued registration by reference to co-operative principles.”
Precisely how is it to the “mutual benefit” of the members of the East of England Co-op for “cashless” to be imposed on them?
The Financial Conduct Authority needs to use its powers as registrar to tell the East of England Co-op to cease forthwith ignoring the needs and wishes of their members who use cash.
No doubt BBC Radio Suffolk and other local media will be taking a keen interest in this terrible decision by East of England Co-op, which is very much against the interests of their Members - and the British public.
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