UK Households Increasingly Hoard Cash Amid Economic Uncertainty

The Bank of England’s chief cashier, Victoria Cleland, has noted a significant rise in the number of banknotes in circulation, driven by UK households setting aside physical cash. This trend is attributed to growing economic uncertainty and concerns over potential banking system disruptions, as seen recently in Spain. The Bank of England is seeking public input on changing cash habits, including whether individuals are creating contingency funds. Responses can be shared anonymously via an encrypted form, ensuring privacy and security.
— new from The Guardian

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