Not cashless, but less cash: Economic justice and the future of UK payments

To prepare for a just transition to a more digital economy, this report sets out three key areas for action:

1. excellent financial services for all
2. bringing workers and businesses into the formal economy
3. democratising data and shaping an inclusive digital finance market.

There is a path to a digital economy that delivers not just greater prosperity, but also greater economic justice: where more people can access better payments and banking services, where the power of payments data is harnessed for public good, and where tax revenues are increased and employment protections strengthened for the most precarious workers. How we reimagine the world of personal finance, and for whose benefit, will shape the digital economy of the future. Action is needed now to ensure that future is hardwired for economic justice.