In the past, you’ve only ever been able to withdraw £10 from Britain’s cash machines ($20) but Hackney, in East London, is to get the UK’s first ever machine to dispense a lower denomination on August 1st. Earlier this month, the Bank of England had argued that the nation’s high street banks were ‘sitting on piles’ of £5 notes instead of offering consumers the chance to withdraw smaller amounts. Ron Delnevo, the managing director of Bank Machine, explained it would be of ‘great benefit’ to customers, adding ‘our campaign is particularly timely given the new credit crunch’.

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