True Champions MUST Insist On A UK Payment Choice Act!
Posted on: 29/07/2024Three interesting aspects to this article.
Firstly, this quote “UK Finance says 22million adults are 'primarily cashless.'” Next week, the Payment Choice Alliance will be writing to Chancellor Rachel Reeves to ask her to intervene to stop UK Finance from making such statements.
“Primarily Cashless” is a contradiction in terms. A person is either “cashless” or uses cash.
The reason UK Finance uses this device is because almost no adults in the UK NEVER use cash.
A YouGov survey in June 2023 revealed that only 3% of British adults NEVER use cash and 4% couldn’t remember when they had last done so.
So let’s call that 7%.
It wouldn’t suit UK Finance to publish such a transparent statistic - so they don’t. In the same vein, UK Finance has never asked the British public if they want a law giving them the right to spend their cash, when and where they choose.
Why?
Because UK Finance wouldn’t want to see the answer.
It’s 71% - equating to around 40 Million adults - so now UK Finance know.
Second point about the article is that there is a quote that businesses like GAIL's Bakery had “cash only” signs up.
The problem is that GAIL's Bakery did NOT put up such signs - they simply went on refusing to accept cash.
There is absolutely no point in the media dodging the issue of cash acceptance.
Appearing to “champion” access to cash whilst ignoring the failure of some businesses to accept cash is, frankly, absurd.
What is the point of having cash in your pocket if you are not allowed to use that cash by businesses that refuse to accept it?
The final aspect of interest in the article is that in 2018 the Daily Mail “ commissioned Natalie Ceeney - the former chief Financial Ombudsman and independent chair of the Access to Cash Review – to write a piece about how the downfall of coins and notes could unfold.”
“Commissioned”?
The Campaign Committee of the Payment Choice Alliance doesn’t accept “commissions” for articles supporting cash.
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