Post Office Branches See Record £62 Million in Pre-Christmas Cash Withdrawals as Brits Turn to Tangible Money Amid Soaring Inflation
• Post Office branches had a record £62m in cash withdrawals on December 22, beating last year's record of £51m • Withdrawals reflect sharp increase in cost of living and inflation over past 2 years • Cash payments made a wider comeback in 2022, rising 7% as people use "tangible money" to budget • £800,000 was withdrawn on Christmas Day from about 1,500 open Post Office branches • Business customers deposited £1.06m on Christmas Day, vital for pub/restaurant owners to deposit holiday takings