Plastic beats paper, the end of money is nigh
We thought this might have happened by now, but apparently not - 2010 has become the first year consumers are spending more using debit cards than they are cash.
The balance tipped in plastic's favour after the August bank holiday, and as of October spending on debit cards has pushed ahead by £3 billion - £272 billion on plastic versus £269 billion with cash.
The information, sourced by The Payments Council, also shows that the faithful cheque continues to decline - 104 million fewer were written in the year to October.
Despite this, the Liberal Democrat MP for Bradford East David Ward launched a campaign to save the cheque last month, because clearly there are no other pressing issues concerning the country right now.
Ward believes that the demise of the cheque is merely a "cost saving exercise for the banks" - the risk of banks saving money doesn't necessarily seem to be a persuasive argument right now.