Rainy Day, Smaller Pockets: June’s Cash Handoff at the Post Office
It’s been raining cups of coffee—and now it’s raining money out of a few boxes. The UK’s wet spell continued into Monday, and the Post Office saw a dip in cash transactions during June.
Cash Drop in Numbers
- April: £3.48 billion
- May: £3.57 billion
- June: £3.43 billion
That’s a retreat on the shore—the lowest for a single month since we first started keeping score. It’s the fourth time ever that cash dealings hit the £3.4 billion mark in just one month.
Why the Dip? The Post Office’s Perspective
Ross Borkett, the Post Office’s banking head, weighed in:
“We’re the community’s cash‑box, especially for small businesses. The cheque‑in, the debit‑card, the credit‑card – all of that happens in branches that stay open longer than most restaurants, and many even run on weekends.
”The summer’s cool, wet-down weather took the wind out of the hospitality and leisure sectors. With fewer diners, the number of cash deposits fell by a touch.”
Bottom Line for Branch Managers
More rain = less cash at the keypad. The Post Office is still standing strong for businesses that need a safe, nearby spot to set their money down.
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