We need to use cash, or we’ll lose it

In the Weekend Essay Podcast, Head of Sales at Headlinemoney, Martin Quinn, reflects on concerns raised during his appearance on the Farage show about a potential Central Bank digital currency (CBDC). He questions CBDC's privacy implications and highlights accessibility challenges for digitally excluded groups. Quinn discusses worries about government control over finances and the impact on bank profits. Comparing the UK to the EU, he notes the ongoing war on physical cash driven by banks. With a general election approaching, Quinn suggests addressing inflation and the cost-of-living crisis should take precedence over prioritizing a CBDC, emphasizing the importance of supporting the physical pound.