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Emeritus Prof Christopher May /
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2023-12-07 06:56:09

Emeritus Prof Christopher May on Nostr: Despite #banks best attempts to get us to all use cards (so they can skim off their ...

Despite #banks best attempts to get us to all use cards (so they can skim off their fees), the #costoflivingcrisis continues to drive people back to #cash as a way fo controlling budgets.

In the last years the decline in the use of coins & notes has reversed (albeit not massively), with more shoppers buying goods with ready cash.

It'll be interesting to see how this plays out in relation to Labour's policy of an expansion of #bankinghubs to deal with banking deserts' cash availability issue.
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