IMMEDIATE RELEASE

Money and Mental Health response to Treasury Select Committee report on Acceptance of Cash

30 April 2025

Today the Treasury Select Committee has published a report on its inquiry into acceptance of cash in the UK.

The report highlights the importance of use of cash for different groups, including people with mental health problems, and calls for government action to “manage the decline in cash acceptance” across the UK. 

In response to the report, Conor D’Arcy, Deputy CEO of Martin Lewis’ charity the Money and Mental Health Policy Institute — who gave evidence to the inquiry — said:

“For many of us with mental health problems, cash is hugely important in our day-to-day lives. It helps people to budget, stay in control of their spending or to get support from a family member or friend to manage money. 

“As we move towards an increasingly digital society, it’s vital that we protect the use and acceptance of cash for those who rely on it, and we welcome the Treasury Select Committee’s call for the government to prioritise this issue.”

ENDS

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Notes to Editors

About the Money and Mental Health Policy Institute

The Money and Mental Health Policy Institute is an independent charity set up by Martin Lewis, and committed to breaking the link between financial difficulty and mental health problems. We conduct research, develop practical policy solutions and work in partnership with both those providing services and those using them to find what really works. www.moneyandmentalhealth.org