Steps to protect cash for those unable to go cashless are under way, meaning copper coins survive.
Mr Hammond said:"Technology has transformed banking for millions of people, making it easier and quicker to carry out financial transactions and pay for services.
"I'm also setting up a group which brings together the Treasury, Bank of England and the regulators to safeguard the future of cash and ensure its availability for years to come." "We need to safeguard the use of cash for those who need it, and at the same time work hard to ensure that everyone can participate in the digital economy."Support the Bank of England's work to ensure cash is properly distributed across the countrySupport new digital methods of payment while safeguarding access to traditional cash
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