Something went wrong, please try again later. Invalid email Something went wrong, please try again later. Something went wrong, please try again later. Concerns have been raised about the potential formation of a "two-tier society" as cash usage dwindles in British businesses. The Treasury committee was informed that groups such as the elderly, individuals with learning disabilities, and victims of domestic abuse could find themselves marginalised if the UK transitions to a "cashless" model. Have your say! How do you treat cash? Do you use it all the time, keep it on hand for emergencies, or have you sworn off cash altogether? Comment below, and join in on the conversation. A report by the Treasury Committee has highlighted an increasing trend of businesses refusing to accept cash, suggesting the country may be inadvertently moving towards a "cashless society"defined as one where all financial transactions are conducted digitally. Parliamentarians have indicated there might be grounds to compel businesses to accept cash in the future to prevent neglecting vulnerable populations, reports the Mirror. Presently, businesses can decide against accepting cash, without legally having to weigh the effects on their clientele. Dame Meg Hillier, who heads the committee, criticised the government's lack of knowledge on cash acceptance: "The Government is in the dark on how widely cash is being accepted and that is completely unsustainable. We are at risk of a two-tier society where the most vulnerable bear the brunt and this needs to be a wakeup call." How do you treat cash? Do you use it all the time or have you sworn off cash altogether? View fullscreen "Our Committee has sought to give a voice to those groups which are at severe risk of not being heard by government policymakers. A sizeable minority depend on being able to use cash and they must not be forgotten by Whitehall. "As a society, we must avoid sleepwalking into a situation where cash is no longer widely accepted. This is the beginning, not the end, of our scrutiny of this issue. The Government needs to take this seriously." The report also highlights the crucial role of cash in emergencies, evident during recent bank outages. With the advent of technology like online banking and contactless payments, cash usage has seen a significant drop, as reported by trade body UK Finance from 51% of all payments in 2013 to a mere 12% by 2023. Have your say! How do you treat cash? Do you use it all the time, keep it on hand for emergencies, or have you sworn off cash altogether? Comment below, and join in on the conversation.