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My Lords, I will make a few comments on amendments in this group and speak particularly to my Amendments 54 and 57. I say very gently that I agree with the other amendments in this group. My noble friend Lady Bowles is looking for consistency in the consultation period. Unless...
My Lords, I will make a few comments on amendments in this group and speak particularly to my Amendments 54 and 57. I say very gently that I agree with the other amendments in this group. My noble friend Lady Bowles is looking for consistency in the consultation period. Unless...
To ask the Chancellor of the Exchequer, what steps she is taking to ensure access to a) physical currency, b) banking services and c) legal services in (i) the UK and (ii) Bristol North East constituency.
To ask the Chancellor of the Exchequer, what steps she is taking to ensure access to a) physical currency, b) banking services and c) legal services in (i) the UK and (ii) Bristol North East constituency.
The Government recognises that cash continues to be used by millions of people across the UK and in Bristol North East, including those who may be in vulnerable groups or face challenges using alternative payment methods. The Government is committed to maintaining the viability of cash as a payment method for those who choose to use it.
The Financial Conduct Authority (FCA) assumed regulatory responsibility for access to cash in September 2024. Where a resident, community organisation or other interested party feels access to cash in their community is insufficient, they can submit a request for a cash access assessment. LINK, the independent industry coordinating body, will then assess a community’s access to cash needs, and will recommend appropriate solutions, including banking hubs, where it considers a community requires additional cash services.
In addition to this, banking is changing, with many customers benefiting from the convenience and flexibility of managing their finances remotely. However, the Government understands the importance of banking services to communities and high streets, including in Bristol North East.
That is why the Government is commissioning an independent Review into Access to Banking Services, chaired by Richard Lloyd OBE. The Review will assess the impact of changes in the provision of in-person banking services across the United Kingdom. The evidence gathered by the Review will inform decisions on whether future action is needed.
The Government also remains committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. Over 275 hubs have been announced so far, and more than 235 are already open.
The Government also recognises the vital role the legal sector plays in supporting access to justice and sustaining local economies across the country. The legal profession in England and Wales and its regulators operates independently of Government. The Ministry of Justice works closely with representative and regulatory bodies, including the Law Society, the Solicitors Regulation Authority (SRA), and the Legal Services Board (LSB), to help ensure that the wider legal services market remains effective, competitive, and accessible to people across England and Wales.
Legal aid is a vital part of the justice system, and the Government is making significant investments across criminal and civil legal aid, including additional funding of up to £34m a year for criminal legal aid advocates, to support the sustainability of the sector. The Government has already implemented significant uplifts to criminal legal aid solicitor fees, which will be worth around an additional £116m per year once in steady state. We are also uplifting immigration and housing legal aid fees, with a significant investment of £20 million a year once fully implemented – the first major increase for civil legal aid since 1996
Beyond legal aid, the Ministry of Justice is funding the activities of charities to bolster the delivery of legal support services – both in person and online - for people experiencing social welfare problems. The Ministry of Justice is providing nearly £20 million of multi-year funding, extending the existing legal support grant funding for a range of services (including Bristol Law Centre and North Bristol Advice Centre) to September 2026, and providing a new grant from October 2026 to March 2029.
It is really important that nobody is left behind in a cashless society. The vast majority are moving online, but we need to remember that some do not want to, or cannot, and we must ensure that provision is in place for them as well. I am grateful to the hon. Member for raising that issue.
It is really important that nobody is left behind in a cashless society. The vast majority are moving online, but we need to remember that some do not want to, or cannot, and we must ensure that provision is in place for them as well. I am grateful to the hon. Member for raising that issue.
Q15
.
Peter Fortune (Bromley and Biggin Hill) (Con):
As we move towards the Easter recess, I am sure the Prime Minister’s thoughts are turning to the miracle of resurrection. My constituents have asked me to resurrect something: cash in shops. One in seven shops in the past year has moved to being cashless. That risks leaving behind those on low income or the elderly. Indeed, we heard today about the risk posed to our economic liberty by the move to digital devices, as mobile phones can be lost, stolen or other. What is the Prime Minister doing to ensure that nobody is left behind in a cashless society?
Q15
.
Peter Fortune (Bromley and Biggin Hill) (Con):
As we move towards the Easter recess, I am sure the Prime Minister’s thoughts are turning to the miracle of resurrection. My constituents have asked me to resurrect something: cash in shops. One in seven shops in the past year has moved to being cashless. That risks leaving behind those on low income or the elderly. Indeed, we heard today about the risk posed to our economic liberty by the move to digital devices, as mobile phones can be lost, stolen or other. What is the Prime Minister doing to ensure that nobody is left behind in a cashless society?
Q15
.
Peter Fortune (Bromley and Biggin Hill) (Con):
As we move towards the Easter recess, I am sure the Prime Minister’s thoughts are turning to the miracle of resurrection. My constituents have asked me to resurrect something: cash in shops. One in seven shops in the past year has moved to being cashless. That risks leaving behind those on low income or the elderly. Indeed, we heard today about the risk posed to our economic liberty by the move to digital devices, as mobile phones can be lost, stolen or other. What is the Prime Minister doing to ensure that nobody is left behind in a cashless society?
It is really important that nobody is left behind in a cashless society. The vast majority are moving online, but we need to remember that some do not want to, or cannot, and we must ensure that provision is in place for them as well. I am grateful to the hon. Member for raising that issue.
To ask the Chancellor of the Exchequer, what estimate her Department has made of the number and proportion of retail businesses that only accept cash.
To ask the Chancellor of the Exchequer, what estimate her Department has made of the number and proportion of retail businesses that only accept cash.
The Government recognises that cash continues to be used by millions of people across the UK, including those in vulnerable groups, and is committed to protecting access to cash for individuals and businesses.
The Financial Conduct Authority (FCA) assumed regulatory responsibility for access to cash in September 2024. Its rules ensure cash continues to be a viable method of payment for the millions of people who depend on it and help businesses to continue to accept cash by providing reasonable access to cash deposit facilities.
It is for each business to decide on the forms of payment it chooses to accept. This will be based on a variety of factors, including cost and customer preferences. The Government does not hold data on the number and proportion of businesses who only accept cash.
Q8
.
Ian Lavery (Blyth and Ashington) (Lab):
The big four banks have been allowed to abandon our high streets, basically closing their branches with impunity. Between 1999 and 2025, my constituency alone lost banks in Guide Post, Newbiggin-by-the-Sea, Bedlington and Blyth. Meanwhile, those banks made more than £40 billion profit in the last year alone—they are absolutely drowning in cash. The manifesto pledge to roll out 350 banking hubs is to be welcomed, but its quirky—almost bizarre—qualifying criteria need detailed revision. Will the Prime Minister commit to a wholesale review of personal face-to-face banking, which would enable local residents and businesses, alongside many vulnerable people, to access their own money in their own time on their own high street?
Q8
.
Ian Lavery (Blyth and Ashington) (Lab):
The big four banks have been allowed to abandon our high streets, basically closing their branches with impunity. Between 1999 and 2025, my constituency alone lost banks in Guide Post, Newbiggin-by-the-Sea, Bedlington and Blyth. Meanwhile, those banks made more than £40 billion profit in the last year alone—they are absolutely drowning in cash. The manifesto pledge to roll out 350 banking hubs is to be welcomed, but its quirky—almost bizarre—qualifying criteria need detailed revision. Will the Prime Minister commit to a wholesale review of personal face-to-face banking, which would enable local residents and businesses, alongside many vulnerable people, to access their own money in their own time on their own high street?
I know how important face-to-face banking is on our high streets. As my hon. Friend says, we have committed to rolling out 350 banking hubs across the United Kingdom, and over 180 are already open. However, I want to reassure him that 350 is not the limit; although decisions over hubs are taken independently, they can be rolled out wherever a community needs one. I am happy to make sure the relevant Minister follows up with details for him.
I know how important face-to-face banking is on our high streets. As my hon. Friend says, we have committed to rolling out 350 banking hubs across the United Kingdom, and over 180 are already open. However, I want to reassure him that 350 is not the limit; although decisions over hubs are taken independently, they can be rolled out wherever a community needs one. I am happy to make sure the relevant Minister follows up with details for him.
I know how important face-to-face banking is on our high streets. As my hon. Friend says, we have committed to rolling out 350 banking hubs across the United Kingdom, and over 180 are already open. However, I want to reassure him that 350 is not the limit; although decisions over hubs are taken independently, they can be rolled out wherever a community needs one. I am happy to make sure the relevant Minister follows up with details for him.
Q8
.
Ian Lavery (Blyth and Ashington) (Lab):
The big four banks have been allowed to abandon our high streets, basically closing their branches with impunity. Between 1999 and 2025, my constituency alone lost banks in Guide Post, Newbiggin-by-the-Sea, Bedlington and Blyth. Meanwhile, those banks made more than £40 billion profit in the last year alone—they are absolutely drowning in cash. The manifesto pledge to roll out 350 banking hubs is to be welcomed, but its quirky—almost bizarre—qualifying criteria need detailed revision. Will the Prime Minister commit to a wholesale review of personal face-to-face banking, which would enable local residents and businesses, alongside many vulnerable people, to access their own money in their own time on their own high street?
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of bank branch closures on older people’s access to cash.
To ask the Chancellor of the Exchequer, what assessment she has made of the potential impact of bank branch closures on older people’s access to cash.
The Government recognises that cash continues to be used by millions of people across the UK, including those in vulnerable groups, and is committed to protecting access to cash for individuals and businesses.
The Financial Conduct Authority (FCA) assumed regulatory responsibility for access to cash in September 2024. Its rules ensure cash continues to be a viable method of payment for the millions of people who depend on it and requires the reasonable provision of free cash withdrawal and deposit facilities for personal current accounts.
The Government is also working closely with industry to roll out 350 banking hubs across the UK. The UK banking sector has committed to deliver these hubs by the end of this parliament. These hubs will provide small businesses and individuals with critical access to cash. Over 180 Banking Hubs are already open across the UK.
The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check their balance, pay bills and cash cheques at 11,500 Post Office branches across the UK.
While branch closures are commercial decisions for banks, the Financial Conduct Authority (FCA) guidance expects firms to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and put in place alternatives where reasonable. This seeks to ensure that branch closures are implemented in a way that treats customers fairly.
Where a resident, community organisation or other interested party feels access to cash in their community is insufficient, they can submit a request for a cash access assessment to LINK, the industry appointed coordinating body responsible for carrying out assessments. Further information about submitting a cash access request can be found on LINK’s website.
Motion that this House has considered the role and future of credit unions. Agreed to on question.
Motion that this House has considered the role and future of credit unions. Agreed to on question.
I beg to move,
That this House has considered the role and future of credit unions.
It is a pleasure to serve under your chairship, Mr Twigg. At the outset of this debate, I wish to place formally on the record that I am a long-standing member of the NHS credit union,...
I beg to move,
That this House has considered the role and future of credit unions.
It is a pleasure to serve under your chairship, Mr Twigg. At the outset of this debate, I wish to place formally on the record that I am a long-standing member of the NHS credit union,...
Will my hon. Friend join me in congratulating many of the credit unions in my constituency, where the Southern General also sits, and indeed where I trained for many years? In addition to the NHS credit union, we have the Penilee credit union, the Levern credit union, the Greater Govan...
Will my hon. Friend join me in congratulating many of the credit unions in my constituency, where the Southern General also sits, and indeed where I trained for many years? In addition to the NHS credit union, we have the Penilee credit union, the Levern credit union, the Greater Govan...
My hon. Friend is reading ahead in my speech about some of the things that the Government could do to extend and support the sector.
Before joining the NHS credit union, I was a regular visitor to my local community credit union—staffed entirely by volunteers—until I moved house and moved out...
My hon. Friend is reading ahead in my speech about some of the things that the Government could do to extend and support the sector.
Before joining the NHS credit union, I was a regular visitor to my local community credit union—staffed entirely by volunteers—until I moved house and moved out...
I congratulate the hon. Lady on securing this debate; many of us have been involved with credit unions for a number of years. She has spoken about the diversification of credit unions. Last night, the Chancellor said she is trying to encourage more people into market-based savings products. Does the...
I congratulate the hon. Lady on securing this debate; many of us have been involved with credit unions for a number of years. She has spoken about the diversification of credit unions. Last night, the Chancellor said she is trying to encourage more people into market-based savings products. Does the...
The Chancellor’s speech last night was very timely. Credit unions are particularly well placed to benefit thoroughly from that if they have support, and I hope the Minister will expand on that. We need to update the law in Northern Ireland so that the strength of the credit union movement...
The Chancellor’s speech last night was very timely. Credit unions are particularly well placed to benefit thoroughly from that if they have support, and I hope the Minister will expand on that. We need to update the law in Northern Ireland so that the strength of the credit union movement...
I congratulate the hon. Lady on securing this important debate. She has mentioned financial burdens a couple of times. The average credit union has fewer than seven employees, and is run nearly entirely by volunteers. Smaller credit unions are under the same dual regulatory burden as larger ones, and have...
I congratulate the hon. Lady on securing this important debate. She has mentioned financial burdens a couple of times. The average credit union has fewer than seven employees, and is run nearly entirely by volunteers. Smaller credit unions are under the same dual regulatory burden as larger ones, and have...
I thank the hon. Gentleman for his helpful intervention. We need a joined-up approach to our support for the sector’s unique role. We must particularly support small credit unions with few staff members who are predominantly volunteers, because when it gets too much, volunteers may move away and services may...
I thank the hon. Gentleman for his helpful intervention. We need a joined-up approach to our support for the sector’s unique role. We must particularly support small credit unions with few staff members who are predominantly volunteers, because when it gets too much, volunteers may move away and services may...
It is a real pleasure to serve under your chairship, Mr Twigg. I commend and thank my Gaelic cousin, the hon. Member for Cumbernauld and Kirkintilloch (Katrina Murray), for setting the scene so very well. It is also good to see the Minister in his place. He is certainly becoming...
It is a real pleasure to serve under your chairship, Mr Twigg. I commend and thank my Gaelic cousin, the hon. Member for Cumbernauld and Kirkintilloch (Katrina Murray), for setting the scene so very well. It is also good to see the Minister in his place. He is certainly becoming...
Not quite!
Not quite!
That was meant as a compliment, by the way. I look forward to the Minister’s contribution. The shadow Minister, the hon. Member for Wyre Forest (Mark Garnier), brings a wealth of knowledge to the debate from his previous employment. I know that the debate will be greatly enhanced by the...
That was meant as a compliment, by the way. I look forward to the Minister’s contribution. The shadow Minister, the hon. Member for Wyre Forest (Mark Garnier), brings a wealth of knowledge to the debate from his previous employment. I know that the debate will be greatly enhanced by the...