UK government confirms it won't mandate cash acceptance, focusing instead on financial inclusion and digital growth.

The UK government has confirmed it will not force businesses to accept cash, despite concerns from vulnerable groups who rely on it. Economic Secretary to the Treasury, Emma Reynolds, stated that the UK is far from becoming a cashless society. The government is committed to ensuring financial inclusion and access to cash through initiatives like banking hubs and ATM availability, while also fostering digital innovation.

2 months ago
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