Posted on 08/08/2022 2:56:43 PM PDT by RomanSoldier19
Britain's Post Office, which offers banking services as well as mail, handled a record £801 million ($967 million) in personal cash withdrawals in July.
In total, more than £3.3 billion in cash was withdrawn and deposited over the Post Office's counters — the first time the amount has crossed the £3.3 billion threshold in its 360-year history.
Personal cash withdrawals were up almost 8% month on month at £744 in June, and up over 20% from a year ago to £665 million in July.
Staycations and budgeting The spike in cash use is down to several factors.
"Firstly, more people use cash when they go on staycation, secondly, the Post Office helped to hand out support to energy customers in the form of cash, and thirdly, people are using it as a budgeting method," said Laura Suter, head of finance at AJ Bell.
(Excerpt) Read more at msn.com ...
“Looks like all the makings of a Bank run, George.”
Well then.
Cash shortages coming up? /shiny side out
An all-electronic currency would....
I smell a bank run brewing.
Don’t worry, Putin’s gonna fold any day now.....
Just wait until Klaus Schwab spreads the word to start the cashless step into digital spyware Klaus Bucks
It cost my daughter eighty pounds to fill up her car in the UK. And she has a small car
Interesting that in Britain , the post office also provides banking services.
Are ATM and credit cards as common in the UK as US? Just wondering , it appears Britons want actual currency in their hands, as opposed to having money on deposit in a bank.
Actually, it is unusual that the US Post office doesn’t provide banking services. It is pretty common around the world.
You can also get a Fish License there.
Yes, and contactless payment is popular. Cash is still used many places, and I always have some.
“Cash withdrawals in the UK soar as Brits grapple with the rising cost of living”
Take that, Putin!!!!
Probably the smartest thing you can do for your family these days is to have plenty of cash on hand, and fill up whenever your car/truck hits 1/2 full.
If you don’t have a fire-proof box and a gun safe, get one. Now.
Not sure if anyone has noticed but all of the ‘woke’ BS and welcoming every miscreant from all Third World Countries started in Europe...and is spreading across America at an alarming rate, thanks to Brandon & Co. and our WIDE OPEN SOUTHERN BORDER!
And always save a bullet for yourself. When it all goes to h#ll, don’t try to be a ‘hero’ like, say, John McCain.
*SMIRK*
Travis! Add ‘Vodka’ to your list there, LOL! :)
(I prefer the Polish vodkas, but still...)
See my Post #16. I’m with your lady friend. ;)
John Kerry sailboards, 'Across The Pond' each year to get his, 'Huntin' License!'
I 100% guaran-damn-tee not a single immigrant is hurting for resources.
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