Fintech

It’s a vivid example of unintended consequences that the swimming-pool builders of southern England should owe so much to Sir Nicholas Goodison, the former chairman of the London Stock Exchange who has died aged 87 and whose obituaries suggested little inclination to frivolity, poolside or otherwise. Head-and-shoulders the most cerebral of the Exchange’s leading members at the turn of the 1980s, he was also one of its most far-sighted and probably, as a noted connoisseur of 18th-century clocks, its most cultured. A traditionalist majority of his peers were content with the City’s clubbable old ways.

If your local pub ever reopens, don’t be surprised if one thing is missing: the till. The anti-cash lobby is seeking to take advantage of the pandemic to rid us of our banknotes once and for all. When UK Finance — the trade body for the banking and payments industry — pushed the government two weeks ago to increase the limit on contactless card payments to £100 (it was raised from £30 to £45 at the beginning of the pandemic), it was a new offensive in a campaign for a cashless society which has been going on for years.