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United Kingdom

UK's ability to pay by cash 'on the verge of collapse', report warns

UK is sleepwalking into a cash collapse

The closures of bank branches and cash machines seen in recent years are "the tip of the iceberg", according to a major review.

 

The Bank of England is to launch a shake-up of the UK's cash system after a report found signs it was "falling apart" - and that moving to a cashless society would see millions left behind...