“The technology has changed the banking for millions of people, making it easier and faster has become, the financial transactions and pay for services,” said Hammond in a statement. “But it is also clear that many people are still dependent on cash. And I would like to that the Public has a choice in how you spend your money.”

the 50-pound Banknote will remain in circulation. It was still referred to in the past year as a tool for money laundering.

a year Ago, Hammond said, the copper coins were hoarded in jams jars, or even thrown away. On the other hand has fought the economic. “A company that wants to demand 99 Pence, it should still have the freedom to give a customer who paid with a One-pound coin, a penny exchange,” said Mike Cherry, Chairman of the Federation of Small Businesses.

The Ministry estimates that 2.2 million people are dependent in the UK on cash – because you don’t have a Bank account.