The legal limit for contactless payments will more than double, Chancellor Rishi Sunak will confirm in today's budget. The limit for a single contactless payment will rise from £45 to £100 as part of Mr Sunak's plans to boost businesses as the UK recovers from the COVID crisis. You can watch and follow the budget live with special coverage and analysis from 12.30pm "As we begin to open the UK economy and people return to the high street, the contactless limit increase will make it easier than ever before for people to pay for their shopping, providing a welcome boost to retail that will protect jobs and drive growth," the chancellor said. The move comes despite fears of a growing fraud risk from the increased use of contactless payments. Advertisement On Tuesday, Sky News reported that some of Britain's biggest banks were urging the government and regulators to stagger the hike from the current limit of £45 and to curb the number of times … [Read more...] about Budget 2021: Contactless payment limit to increase to £100, Chancellor Rishi Sunak announces ahead of announcement