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Written question asked by Lord McFall of Alcluith (Labour), in the House of Lords. It was answered by Lord Sassoon (Conservative) on Wednesday, 6 April 2011.


Banking: Cheques

Question
To ask Her Majesty’s Government whether a cost-benefit analysis on the phasing out of cheques has been undertaken by the Payments Council; and whether they will publish their findings.
Answer

The development of alternatives to the cheque, and the preparation of a cost benefit analysis, is a matter for the Payments Council, which is independent of government.


Secondary information

Type
Written question
Reference
8315; 726 c380WA
Session
2010-12
Subjects
Cheques Cost benefit analysis Payments Council
Link
View this Written question on www.publications.parliament.uk