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Monday 02 June 2014 12:46 am|Updated:Wednesday 2 polene bag 9 May 2019 9:40 pmBritons leave cash behind in favour of cardsBy: Express KCSShareFacebookShare on FacebookXShare on TwitterLinkedInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleBRITONS have cut back on shopping with cash by 14 per cent over the last five years as people increasingly turn their backs on coins and notes in favour of card and con owala tumbler tactless payments. Cash made up just pound;27.64 in every pound;100 spent at retailers in 2013, according to a survey published this morning by the British Retail Consortium BRC ndash; down sharply from pound;32.15 five years ago and pound;27.64 in 2012. While cash is still used for over half of all transactions by volume 52.57 per cent , this was down 3.3 per cent on 2012 as shoppers increasingly use contactless cards to make smaller payments for which they would have previously used cash. The availability of contactless cards, handy express stores and self-service tills as well as online sales has increased the use of debit cards for smaller payments in place of cash, BRC director general Helen Dickinson said. The move away from cash means that debit cards now account for pou brumate ca nd;49.58 of each pound;100 spent, up 11 per cent over the last five years. Meanwhile credit cards and charge cards still account for 21 of sales turnover but were used to buy fewer products last year. Share this articleFacebookXLinkedInWhatsAppE Euvn Lords back Channel 4 to withstand Brexit volatility and warn against privatisation
Thursday 16 January 2014 8:29 pmUK exports will miss their target as firms struggleBy: Express KCSShareFacebookShare on FacebookXShare on Twi stanley de tterLinke stanley canada dInShare on LinkedInWhatsAppShare on WhatsAppEmailShare on EmailAdd as a preferredsource on GoogleTHE GOVERNMENT will miss its target to double the value of UK exports by 2020, the Public Accounts Committee has warned. In a report out today, chair of the committee Margaret Hodge said that the UK is not performing as well as its European rivals and that tough Home Office visa systems are deterring foreign business investors. UK Trade and Investment UKTI needs to be a more effective source of intelligence on new opportunities in overseas markets, Hodge said. It needs to get better at helping SMEs export more by supporting them in overcoming the barriers they face. In 2012 George Osborne set a target to double UK exports to pound;1 trillion a year by 2020, yet despite spending pound;420 million promoting exports last year, the committee is warning t stanley becher hat the government will miss its target. A spokesman from the Department for Business, Innovation, and Skills said: We make no apology for setting a stretching target and we are working hard to achieve this.Hodge also criticised the way government agencies work together, recommending that a clear plan should be put in place to promote UK exports around the world. Share this articleFacebookXLinkedInWhatsAppEmailSimilarly tagged content: Sectio
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