Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment he has made of the potential effect of a cash-less economy on taxation revenues.

At Spring Statement 2018, the Government launched a call for evidence on cash and digital payments in the new economy. This explored what more can be done to crack down on the minority who use cash to evade tax and launder money, while ensuring that the public’s cash needs continue to be met. The government will respond in due course.