Consumers rush for cash
Consumers rush for cash
Retailers had a good week judging by cash machine usage. Link, the UK's largest cash machine network, was 40 per cent busier on the first day of the January sales - Thursday - than on the comparable day last year. Jim Nix, general manager of Link, said pounds 23.8m was withdrawn compared with pounds 16.6m a year earlier.
He added: "The marked leap is due to greater consumer confidence or a reluctance to use credit cards when shopping - with cash the purchase is instant with no unpleasant bills to follow."
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies