Money Box Paying with Cash and Pension Age Rise
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Nov 1, 2025 Luke Wilson, a BBC reporter known for his on-the-ground insights, reveals the startling drop of cash transactions below 10% in retail, highlighting the concerns for the vulnerable who still rely on it. Natalie Seeney, Chair of Cash Access UK, passionately discusses the implications of this shift, advocating for essential services to accept cash. Baroness Roz Altman, a former pensions minister, explains the phased rise in state pension age and the necessity for flexibility to accommodate health needs, while grounding her insights in fiscal realities.
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Market Shifts From Cash To Card
- Market shoppers and stallholders in Leeds report a big shift to card payments, with only about 20–25% still using cash.
- Stallholders notice cash use dropping dramatically year-on-year but say complete cashlessness is unlikely.
Access Vs Acceptance Gap
- UK rules require banks to provide cash access but do not require businesses to accept cash, making the UK an outlier globally.
- Other countries are moving toward requiring acceptance of cash for essential services, showing a different policy choice.
Ask Shops To Accept Cash
- Tell local shops you want to pay with cash because customer demand can influence businesses to keep accepting it.
- Natalie Seeney says community-level requests have successfully preserved cash options in some areas.