Cash withdrawals surge ahead of England lockdown

About £412m was taken out of cash machines two days after the PM announced new Covid restrictions

Cash withdrawals across the UK have surged since Saturday, as consumers scramble for haircuts and stock up on banknotes ahead of England’s second lockdown.

Link, the network that connects virtually all the UK’s cash machines, said that more than £174m was taken out on Sunday, 1 November, the day after prime minister Boris Johnson confirmed the country would be facing fresh coronavirus restrictions. That was 27% higher than the £137m withdrawn on an average Sunday since March.

Continue reading… Source: The Guardian: Cash withdrawals surge ahead of England lockdown ———