As a report warns the UK’s cash infrastructure could collapse, we look at the lessons from abroad
After eight years living in Sweden, coins and notes barely feel like money any more. Last month, my daughter lost a front tooth. She was thrilled to find that the tooth fairy came – but showed no interest whatsoever in the 10 kronor (80p) that was left behind.
This is not surprising, as she has rarely, if ever, seen my Swedish wife or I use a coin to buy anything. We’re not alone. Last year, only about one in eight Swedes said they had used cash for a recent purchase.