Which? warns it is 'now or never' to halt UK's 'cash crisis'

26 Apr 2022

Following the publication of research which shows that almost a quarter of free-to-use ATMs have vanished since 2018, consumer group Which? has stated that it is 'now or never' to save cash.

The research also found that almost half of the UK's bank branches have closed since 2015, leaving individuals who rely on cash and face-to-face banking services at risk.

Which? revealed that 17 parliamentary constituencies have 'particularly poor access to cash'. It has called for legislation to be introduced in next month's Queen's Speech to address the issue.

Commenting on the matter, Jenny Ross, Money Editor at Which?, said: 'While many consumers have embraced digital banking, there are still millions, including the elderly, vulnerable and isolated, who aren't yet ready or willing to make that switch – and they must be protected.

'Our research highlights the devastating impact widespread bank branch and ATM closures have had on communities. With just two weeks to go until the Queen's Speech, it really is now or never to halt the cash crisis.'

Home | Contact us | Accessibility | Disclaimer | GDPR (including Standard Terms of Business) | Help | Site map |

© 2022 BPU Accountants. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


BPU Chartered Accountants is the trading name of BPU Ltd Company number 3723948 registered in Wales. Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales.

BPU Financial Solutions Ltd is an Appointed Representative of ValidPath Limited which is authorised and regulated by the Financial Conduct Authority. ValidPath Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference 197107.

BPU Accountants, Radnor House, Greenwood Close, Cardiff Gate Business Park, Cardiff CF23 8AA
BPU Accountants, The Counting House, Pound Field, Llantwit Major, Vale of Glamorgan CF61 1DL