August 30, 2025
Horten or not afterwards? British consumers about the advantages and disadvantages of cash

Horten or not afterwards? British consumers about the advantages and disadvantages of cash

<spann> People’s queues to withdraw cash from an ATM. The value of the banknotes in circulation rose by 23%because the Bank of England before the pandemic. “Loading =” Eager “Height =” 768 “Width =” 960 “Class =” YF-1Gfnohs Loader “/></div>
</div><figcaption class=People are pending to withdraw cash from an ATM. The value of the banknotes in circulation has increased 23%since the Bank of England before pandemic.Photo: everyday pictures/Alamy

When he went to his local cooperative, Ty, a 27-year-old student in Brighton, noticed a strangely long queue for the cashpoint.

In the shop, an employee Ty announced that the payment systems had dropped after a cyber attack. It was only cash. But Ty did not have to join the queue. Instead, he felt confirmed. It was another case that justified his recent change to the use of physical currency instead of digital payments.

“I have started to prefer money in the past few months and to use it almost exclusively to the point where I refuse to shop in places that only take a card,” he says.

Related: Horrten of cash in the economic uncertainty and fear of failures ‘Horten of British.’

Ty is one of several people in Great Britain who have turned back to banknotes in recent years. Although the cash was used for only 12% of British payments in 2023 and, according to the British financing of 51%, collapsed in 2013, Bank of England’s data suggests that the value of the banknotes in circulation has increased by 23% since the pandemic.

The bank’s chief cashier, Victoria Cleland, said that the British households are building cash-contenency pots such as during pandemic and living costs as a reaction to top-class incidents such as recent energy consumption in Spain and Portugal and the cyber attacks on Marks & Spencer, the co-op and Harrods. Repeated IT failures in the largest banks and construction societies of Britain have not helped consumer confidence in digital negative pressure systems.

Ty says: “In contrast to the card, cash is private and does not leave any data about the purchase, it costs the dealer transaction fees. It is easier to manage physicality – the use of a card makes expenses too easy – and it will not fail in the event of a system failure.”

Ty’s preference for cash started at work in a construction company. He said he had first -handed that it was “extremely difficult to do something” that doubts him about the reliability of modern payment methods when the electronic systems fail.

It was in Granada for David when Spain’s energy consumption meter changed its behavior. He says that there was a feeling of uncertainty about the return of power, and “if they had no money that they would not eat or drink and the ATMs were below”.

The 64-year-old in Bury retired had a little money against him so that he could buy a warm beer from a refrigerator outside of action.

David says he has switched to a cashless budget in recent years, but since he had experienced the power failure, he has taken out physical currency. “We are now accessible in the event of money,” he says.

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