Stat of the day: 1.1bn

The number of cheque transactions made in the UK in 2010.

by Elizabeth Anderson
Last Updated: 09 Oct 2013
The use of cheques is continuing to decline as Britons’ chosen method of payment. The UK Payments Council has confirmed that the number of transactions made by cheque fell to 1.1bn in 2010 – a fall of 13%.  

In a sign that Britons’ shopping habits are now moving towards the virtual high street, the number of transactions made using cash fell over the past year by 5%, while total spending on cards was up by 7%.

November also saw an increase in shopping activity, as people turned to the internet in order to get the best Christmas deals and to avoid the shops at the busiest time of the year.  In light of the Royal Mail delays, that would appear to have been a wise choice.

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