Post offices handled a record £3.77 billion in cash transactions in July, marking the first time monthly transactions have exceeded £3.7 billion.

This new record surpasses the previous high of £3.57bn set in May 2024 by £200 million.

The Post Office said the figures indicate that the demand for cash is “stronger than ever” as more people rely on it to budget during the period of high living costs.

Business cash deposits reached £1.24bn, up 10 percent from the previous month and nine…