MPs are warning that Labour’s obsession with Net Zero and digital payments could leave us high and dry if the lights go out—or if hackers strike.
CP
In a bombshell report, the powerful Commons Treasury Committee says Whitehall must urgently plan for mass power outages and cyber attacks—starting by encouraging the public to keep cash at the ready.
“In discharging its responsibility for national security and resilience, HM Treasury must consider the value of physical cash in emergency preparedness,” the report states. “This may include recommending that cash is held by individuals in case of emergency.”
The warning follows blackouts in Spain and Portugal that crippled payment systems—blackouts which, far from being caused by “extreme weather” (as globalist mouthpieces quickly claimed), were actually the predictable result of over-reliance on unreliable energy sources.
Let’s call it what it is: not the wrath of Poseidon, nor a freak sirocco, but the inevitable collapse of a system built on the whimsical generosity of wind and sun.
When the gusts faltered and the solar panels sulked under cloudy skies, the Iberian grid—already weakened by years of politically correct neglect of reliable baseload power—buckled. The so-called “transition” left it exposed, brittle, and laughably vulnerable.
And now, under Labour’s Net Zero crusade, the UK is sailing full steam toward the same iceberg.
Back in 2013, cash accounted for over half of all transactions. By 2023, that was down to just 12%, as tap-and-go tech took over. But MPs say this digital drift could become a disaster—especially for the elderly, rural communities, and the financially vulnerable who still rely on cash.
Dame Meg Hillier, chair of the committee, warned of a “two-tier society,” saying:
“A sizeable minority depend on being able to use cash, and they must not be forgotten by Whitehall. We must not sleepwalk into a situation where cash is no longer widely accepted.”
And let’s not pretend the digital infrastructure is foolproof. The report cites 158 banking IT failures since January 2023. In just two years, UK banks have clocked up over 800 hours of tech downtime—more than a month of digital dysfunction.
In January, a Barclays system crash froze payments for three days, right as taxpayers rushed to file self-assessment returns.
It’s not just banks. Marks & Spencer was hit by a cyber attack that knocked out online orders and contactless tills. And yet, there’s no legal requirement for UK businesses to accept cash. According to Link, half of Brits have recently visited shops that turned away notes and coins.
Now, MPs want the Treasury to explore mandating cash acceptance if trends continue.
A Treasury spokesperson said:
“Cash continues to be used by millions, and we’re working with banks to open 350 banking hubs by the end of this Parliament.”
“We welcome businesses that continue to accept cash, and new FCA rules are helping them deposit it more easily.”
But the writing is on the wall. When the grid flickers and the servers crash, will your card still work? Or will the last functional economy be the one in your wallet?
Should shops be forced to take cash? Let us know your thoughts.
Worth reading more in The Telegraph.
This article (Welcome to Labour’s Britain: MPs Urge Brits to Hoard Cash as Card-Only Chaos Looms) was created and published by Conservative Post and is republished here under “Fair Use” with attribution to the author CP
Featured image: arrse.co.uk
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Cash is king.