Major retailers have signed up to a cash acceptance pledge, helping to ensure that customers who want to pay in coins and banknotes will not be excluded by the transition to digital payments, Which? has said.
Aldi, Asda, Co-op, John Lewis, LloydsPharmacy and Waitrose have made the public commitment to keep accepting cash in their stores.
Together, the supermarkets are responsible for nearly 4,500 stores in the UK, and have a combined grocery market share of more than 30%.
LloydsPharmacy has committed to continue to accept cash across its 1,400 UK branches, and John Lewis has agreed to do the same across its stores nationwide.
Big and small retailers with stores around the UK including Aldi, John Lewis and Lloyds Pharmacy
have made a public commitment to accept cash as a method of payment by signing up to the Which? Cash Friendly pledge.
The pandemic has had a dramatic impact on the Uk’s already fragile cash system. The closures of bank branches and free-to-use ATMs have continued at pace, while worries about the safety of handling notes and coins (since debunked by the Bank of England ) have led some businesses to refuse to take cash.
With life getting back to normal, we want to ensure that shoppers that need to use cash are able to. So we’ve launched the Which? Cash Friendly pledge – a public commitment retailers can take to signal to customers that they welcome cash payments.
Updated: May 13, 2021, 6:34 am
Major retailers have signed up to a ‘cash-friendly’ pledge from Which? (Steve Parsons/PA)
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Major retailers have signed up to a cash acceptance pledge, helping to ensure that customers who want to pay in coins and banknotes will not be excluded by the transition to digital payments, Which? has said.
Aldi, Asda, Co-op, John Lewis, LloydsPharmacy and Waitrose have made the public commitment to keep accepting cash in their stores.
FRC looks to extend rent concessions for retailers FRC looks to extend rent concessions for retailers
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With many retailers still reeling from the impact of the lockdowns, the Financial Reporting Council (FRC) has proposed extending the application period of requirements that cover the accounting treatment of temporary rent concessions granted due to the pandemic by one year.
The amendments would be effective for accounting periods beginning on or after January 1, and apply to concessions with regard to rental payments that would fall due before June 30, 2022. The amendments can be early adopted.
The time period has been extended from the original proposals in reflection of the continuing impact of the pandemic.
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