The UK Post Office has reported a record £2.87 billion in cash deposits and withdrawals this June. The news comes amid an ongoing Save Our Cash campaign, highlighting the reasons cash matters to a wide cross section of society.
The Post Office reports £2.2 billion of cash was deposited in June—over £1 billion by businesses—while personal cash withdrawals stood at £636 million: the highest figure, excluding the busy Christmas period, since the start of lockdowns in March 2020.
Its July survey of more than 500 small businesses across Britain found two-thirds believe the continued use of cash will prove important to the retail industry’s COVID-19 recovery. 18 percent said they rely on their local Post Office branch for cash and banking services.
