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Written question asked by Gregory Campbell (Democratic Unionist Party) on Wednesday, 14 May 2025, in the House of Commons. It was due for an answer on Tuesday, 20 May 2025 (named day). It was answered by Emma Reynolds (Labour) on Tuesday, 20 May 2025 on behalf of the Treasury.


Payment Methods

Question

What steps she is taking to support the ability of people to make payments in cash.

Answer

The government recognises that cash continues to be an important method of payment for people.

The Financial Services and Markets Act 2023 gives the FCA responsibility and powers to protect access to cash.

They have since introduced rules to protect access to cash, which will also support the ability of consumers and businesses to continue to transact in cash.


Secondary information

Type
Written question
Reference
904252
Session
2024-26
Question not reached
Yes
Subjects
Money Payment methods
Link
View this Written question on www.parliament.uk