Shops and firms will not be forced to accept cash

A government minister has said that shops and service firms will not be forced to accept cash, a government minister has said that millions of weak people trust it.

Emma Reynolds, the new Economic Secretary of Treasury, was pressed at coffee shops, trains and holiday centers, which were no longer accepting cash.

But he told the MPs on the Treasury Committee that there was no chance to be cash-free in the UK anytime soon.

He said that the government is focusing on ensuring that everyone has access to cash, such as through the new banking hub, and on improving people’s digital skills.

The UK has cash legal tender, but businesses are not obliged to serve those who only want to pay with notes and coins.

Some countries, such as Australia, are considering rules that will force essential services to accept cash.

But Ms. Reynolds effectively rejected such a step in the UK.

“We have no plans to regulate businesses – big or small – to force them to accept cash,” he said.

He said that being the UK cashless society, “was nowhere”, the facility stores planned to accept notes and coins for years. But he said that dealing with digital exclusion was still important for those who could struggle.

The members of the committee pointed out the evidence obtained from the victims of domestic and economic misconduct, who said that they had only the passage of cash with cash.

Even after going away, some found that they were unable to pay with cash for their children’s school dinner.

Card payments dominate the methods of payment, and consumers are using their smartphones to pay for things faster.

However, according to the British Retail Consortium (BRC), notes and coins were used in the fifth of last year’s shop transactions, as the shopkeepers found that cash helped them make a better budget.

It was the second year in a row that the use of cash in shops had increased after a decade falling.

After checking the acceptance of cash, recommendations will be made from the Treasury Committee in the coming weeks.

The proof of Ms. Reynolds was the last session, but earlier she listened to the underprivileged, who still rely on paying with cash.

Talking to the BBC after giving evidence, Constantine Louis said that he wanted an option on ways to pay.

“For older people, when they use cash, they think they are under control,” said the 84 -year -old, who lives in a bedroom flat.

“Young people will grow up one day and we can have the same problems – they can forget their PIN number.

“Those who come on the bus and pay with their mobile – it’s fine with me. But I can’t do it. I don’t know how to do it.”

There is a disability of Caroline Kavale in Edinburgh and said that every money which is counted in his life has been counted.

“Mainly, cash is important, mainly, cash is important,” said the 41 -year -old.

“If you have physically in your purse, it is very easy to keep an eye on what you have received.”

He said that digital payments took the risk of overdrone to him, and resulted in unbearable interest and fee.

Failure to accept cash, which she wanted to go to her local holiday center to swim, was making a “two-tier society”.