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  1. Chart of the Day
9 August 2022

How UK cash withdrawals have reached a record high

The cost-of-living crisis has led to a 20 per cent year-on-year rise in cash withdrawals.

By Nicu Calcea

The Post Office handled £829m in personal and business cash withdrawals in July. This represents an increase of nearly 8 per cent compared to the month before, and an increase of 20 per cent compared to the same month in 2021.

Over the past year, cash withdrawals increased by 39 per cent in Northern Ireland, 20 per cent in England, 17 per cent in Wales and 13 per cent in Scotland. 

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