Firms ‘may need to be forced to accept cash to prevent two-tier society’

Cash usage has decreased significantly across the UK, the Treasury Committee said (Gareth Fuller/PA) - (PA Archive)

Businesses may need to be forced to accept coins and banknotes, to make sure the UK does not drift into a loss of cash acceptance for those who rely on it, the Treasury Committee has warned.

The committee said cash usage has decreased significantly across the UK and it is urging the Government to undertake a “vastly improved” monitoring and reporting of cash acceptance levels.