The Bank of England released news this week that the value of notes in circulation has increased by nearly 16 percent since last year as it announced the opening of a new exhibition on the future of money (who could resist a tour through the history of payment methods?)
A curator at the Bank of England Museum, Jennifer Adam, stated that even though many people are making more use of digital payments regularly, many people may still be using cash regularly. She also added that if users are physically handing over cash in shops to keep track of their finances, it will be much easier for them to keep track of their finances.
There is also a theory that the spike in cash can also be attributed to “the turmoil caused by the pandemic and a rise in living costs”.
In today’s world, users are sick and tired of Big Brother, the state that is grabbing our data with its tentacles.
Big Brother isn’t the only problem. The government is utilizing its catalogue of scapegoats to avoid addressing the current economic hardship that families are facing to avoid addressing the election looming ahead. To whip up divisive and xenophobic, anti-immigrant sentiment, there is no better example than Rishi Sunak’s ongoing struggle to implement an illegal flagship Rwanda policy which is the best example of this principle.
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