Treasury had published a summary of the responses it received to its consultation on cash and digital payments in the new economy, which closed last year. It received 218 responses. Key themes are:
- the government should, of course, continue to support digital payments, but cash is still important in the lives of many people;
- Treasury will set up the Joint Authorities Cash Strategy Group to ensure proper oversight of how cash is used, and that those who need it can have access to it;
- there are no plans to alter the current make up of coins and notes in circulation; and
- there will be a separate consultation on the dangers of the use of cash for illicit purposes. Many respondents suggested the imposition of a maximum limit for cash transactions.