Ten years ago, cash was used in six out of 10 payments, but it has been overtaken in popularity by debit cards, driven by the use of contactless technology.
Nicky Morgan also said the committee would raise the issue with regulators.
The money has been spent on hiring external consultants because government departments lack the staff and skills needed.
Retail and construction saw the biggest fall in demand for staff while nursing and computing remained strong, the Recruitment and Employment Confederation (REC) said.
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On the podcast today: Galileo Resources discuss their initial inferred mineral resource estimate of their Star Zinc project. John Meyer talks about: Cora Gold, Power Metal Resources & Metal Tiger.
SP Angel research note on commodities and miners, featuring: AfriTin Mining* (ATM LN) – Uis tin project drill results Cora Gold* (CORA LN) – Metallurgical tests show 97% recoveries at Sanankoro Chaarat Gold* (CGH LN) – Annual results highlight Tulkubash growth/development progress and Kapan acquisition Katoro Gold (KAT LN) – Fully funded drill program planned for key targets at Haneti nickel sulphide project in Tanzania Kodal Minerals* (KOD LN) – Drilling update from Bougouni lithium project Power Metals Resources* (POW LN) – Major drill targets confirmed at Haneti Nickel Project Savannah Resources* (SAV LN) – Exercise option to acquire Aldeia mining lease
600 million people are set to gain access to electricity in the next decade, in an attempt to make a dent in the around 1 billion people who are still not connected. In this effort, experts in the energy sector are turning to an innovative solution-- off-grid energy systems.
Dr Clifford Gross, Chairman at Tekcapital commented: "We are delighted to see that Guident has exclusively acquired additional intellectual property rights to further enhance the adoption and utilization of AV's and drones."
Five financial stories, trending today in a 60 second podcast, including: Up to 20 million manufacturing jobs around the world could be replaced by robots by 2030, according to analysis firm Oxford Economics.
On today's podcast: Bigblu Broadband provide a trading update. C4X Discovery discuss their collaboration with PhoreMost. Alan Green talks about Bidstack, Tiziana Life Sciences, RA International, IMC Exploration & Thomas Cook Group.