Nationwide makes radical 32.8m cash prediction about British spenders Nationwide Building Society says its customers are increasingly returning to cash over card payments as it recorded 32.8 million withdrawals last year, which marks the third annual rise.
Despite the UK moving towards becoming a cashless society, an increasing number of people are deciding to use notes and coins again as a more efficient way of budgeting, says the country’s biggest retail bank.
New data from the UK’s biggest retail bank shows cash payments have increased for the third year in a row.
However, since 2022 shoppers have been favouring cash again as a more effective way of budgeting for their daily living expenses and bills, says the Nationwide Building Society.
UK Finance says in the decade between 2012 and 2022, cash payments fell from 54 per cent to 14 per cent.
