Rishi Sunak explains the change to contactless payment that will affect everyone in the UK

Since then, climbing back to the early January peak has proven slow going, with the latest quarter estimations showing it has recovered to just above the £300,000 mark.

The contactless uplift should increase people’s willingness to spend money, pushing up spending and putting the UK in a more secure financial position.

But it could also open consumers to a litany of potential dangers.

Chief among them is theft, as those taking advantage of a stolen card can now spend more of their victims’ money.

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