Monday, April 21, 2008
Good News is Bad News
Worried shoppers are increasingly spending with cash instead of credit cards, a survey by the British Retail Consortium (BRC) has suggested. A survey of 17,000 shops found cash was used for 60% of transactions last year - up from 54% in 2006 - and accounted for about a third of all money spent. The BRC said it showed a reluctance by people trying to control their finances to spend money they did not have. Director general Stephen Robertson said cash was "alive and thriving". Another reason to remove cash from citizens?