Use of physical cash one for the up for first time in at least a decade

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The use of physical cash has increased for the first time in at least a decade, as households return to using coins and banknotes to manage their finances in the cost-of-living crisis.

Across the UK, cash accounted for 19 per cent of transactions in 2022, according to the British Retail Consortium (BRC) – up from 15 per cent in 2021.