Cash usage increases, gold and crypto value also up, plus find some old cash

News Uncut's money round-up

By Jasmine Birtles

Cash usage is up

WE ARE hearing news from readers that some supermarkets are planning on going digital-only soon. We haven’t been able to confirm it but one thing we know is that, if they do, they will get more of a backlash from customers than they expected.

According to figures from Nationwide this month, cash has increased for the third year in a row, with nearly 33 million withdrawals made from Nationwide ATMs last year. Withdrawals by non-Nationwide customers are up 16 per cent.

Admittedly, part of this is because other banks have been removing their ATMs, but cash withdrawals also topped £1billion at Post Offices in December, marking the first time on record that this has happened in a single month. The Post Office recorded £979m-worth of personal cash withdrawals in December and £35m worth of business cash withdrawals.

So cash really is king, even in an increasingly digital UK.

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