“Ethical Markets supports our colleagues at Positive Money and all our UK friends. Why this rush to end cash will hurt the most vulnerable and further buttress the position of banks and finance!
~Hazel Henderson, Editor”
This morning the Guardian/Observer joined our calls to end the war on cash:
Hazel, if we’re pushed into going cashless, it’s the big banks and payments providers who’ll benefit, and the rest of us who’ll pay a higher price. Please will you add your name to our open letter now?
Already nearly 1500 of us and several leading business groups and charities have signed our open letter. We’re letting Hannah Nixon (head of the Payments Systems Regulator) know that thousands of us want her to protect our access to cash.
And as Anna Tims says in the Observer, it’s vital for the future equality of the UK that together we stop the big banks’ war on cash:
“Nearly 3,000 bank branches have closed across the UK since 2015 and ATMs disappeared at a rate of 500 a month in the first half of this year… More than 130 communities, many of them in poor areas, now have no ATM and the 2.7 million Britons who rely entirely on cash are being increasingly shut out of essential services.”
While we’ve got momentum on our side, as many of us as possible need to sign the open letter. The more public pressure we can build, the more likely Hannah Nixon will make the right choice in the next couple of weeks, and safeguard the rights of millions of British people to use cash.
Hazel, please will you add your name to the open letter now, and call on Hannah Nixon to stop the ATM closures? It’ll take you less than 30 seconds:
Let’s stand together and show that cash isn’t going down without a fight.
Thank you for everything you do,
David, Zack, Rachel and the rest of the Positive Money team