Day: March 6, 2019

    The UK's cash payments system could collapse in two years, the industry has warned, as the Treasury is being urged to step in to save it. Companies which circulate, sort and distribute coins and notes say the rapid trend towards digital payments will soon render their businesses unprofitable, sources told the Daily Telegraph. At present just over a third of payments made in the UK are cash but this is set to plunge in the coming years. It is understood that most businesses involved in the cash system have given it between two and five years before it will become commercially unviable in its current form. Link's Access to Cash review published today warned that the system was on "the verge of collapse with bank branch and ATM closures leaving entire communities wit...

    Police are probing whether the New IRA could have sent the improvised parcel bombs which caused a terror alarm at three of London's major transport hubs yesterday. Irish security chiefs and counter terror police from Scotland Yard are examining links to dissident republicans after explosive devices were sent to Heathrow Airport, London City Airport and Waterloo station in A4 envelopes with Irish stamps. The three 'linked' packages which were discovered within hours of each other, prompted a terror scare, as one of them burst into flames at Heathrow when an airport worker tried to open it, and the others had to be defused by bomb squad officers. Last night Ireland's Gardai police force confirmed they were assisting the Metropolitan Police with their inquiries, as it...