BRITAIN will never evolve into a completely cashless society, according to a report today.
The long-term psychological impact of the recent financial crisis will mean people will continue to rely on the tangibility of notes and coins, according to the study which was carried out for ATM operator Bank Machine.
At the same time the resistance to change from an ageing population, concerns about a surveillance society, retailer resistance and our attachment to sterling will all ensure cash continues to be widely used.
The report said a cashless society would have a knock-on effect on many activities, ranging from buying things at car boot sales or farmers’ markets to community events such as local fetes.
