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Written question asked by Ged Killen (Labour) on Tuesday, 26 March 2019, in the House of Commons. It was due for an answer on Monday, 1 April 2019 (named day). It was answered by John Glen (Conservative) on Monday, 1 April 2019 on behalf of the Treasury.

Access to Cash Review

Question

To ask the Chancellor of the Exchequer, what assessment he has made of the implications for his policies of the final report of the Access to cash review published on 6 March 2019; and if he will make a statement.

Answer

The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with the regulators and industry on this topic.

The Treasury initiated a discussion on payment methods at Spring Statement 2018 through a Call for Evidence on Cash & Digital Payments in the New Economy. This sought to gather evidence on how changing preferences for cash and digital payments impact on different sectors, regions and demographics.

The Government welcomes the recent Access to Cash Review, which is an important contribution to the debate on cash and which will help inform our future policy development.

The Government will formally respond to the Call for Evidence in due course.

Secondary information

Type
Written question
Reference
237122
Session
2017-19
Subjects
Access to Cash Review
Link
View this Written question on www.parliament.uk