Wet weather dampens Post Office cash transactions – London Business News | Londonlovesbusiness.com

Date:

Share:


This year has been full of wet weather and more rain is set to batter the UK on Monday, as a result the rainy weather in June dampened cash transactions in Post Office branches.

In April and May cash withdrawals totalled £3.48 billion and £3.57 billion, but in June transactions fell to £3.43 billion.

Despite June’s figures this is the fourth time on record that cash transactions hit £3.4 billion in just one month.

Ross Borkett, banking director at Post Office, said: “Post Offices play a vital role in supporting small businesses to trade by providing a convenient and secure location to deposit their cash takings with many branches open long hours and some at weekends.

“Following two consecutive record-breaking months for cash handling at Post Offices, June’s cool and wet weather slightly impacted takings in the hospitality and leisure sectors contributing to a small drop in business cash deposits at our branches last month.”



Source link

━ more like this

Boox updates popular Palma E Ink device with color and 5G connectivity

If Amazon's new lineup of Kindle Scribes didn't pique your interest, Boox, a long-time player in the E Ink gadget space, might have...

Assassin’s Creed Shadows will hit Switch 2 on December 2

Assasin’s Creed Shadows is coming to the Nintendo Switch 2 on December 2, Ubisoft announced today in its fall roadmap update. The Switch...

Claude can now compartmentalize as part of a major memory upgrade

Back in August, Anthropic made Claude capable of remembering past conversations. With the update, people could reference specific chats, so that they wouldn't...
spot_img