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CLOSURE OF FREE TO USE ATMS

EDM (Early Day Motion) 1431: tabled on 20 June 2018

Tabled in the 2017-19 session.

This motion has been signed by 42 Members. It has not yet had any amendments submitted.

Motion text

That this House notes that LINK, the manager of the UK's free-to-use ATM network, proposes to cut the interchange rate fee the method by which ATMs are funded, by 20 per cent over the next four years; further notes that the first five per cent cut is to be implemented on 1 July 2018; stresses that the cut to ATM funding poses a serious threat to the integrity of the UK's free-to-use ATM network; notes that ATM suppliers and consumer representation bodies are concerned about the risk of financial exclusion, particularly in deprived and rural areas; highlights that the Payment Systems Regulator (PSR) has said that it will intervene if the UK's free-to-use network is threatened; notes that, when it appeared before the Scottish Parliament's Economy Jobs and Fair Work Committee, LINK acknowledged the first five per cent cut could result in the closure of 10 per cent of ATMs in Scotland, significantly higher than initial estimates; notes that if these closures are replicated UK wide as many as 40 per cent of the free-to-use network could close; highlights that in a number of studies, despite a move to a cashless society, access to free cash remains vital for many communities and that the closures are beyond the pace of change in consumer activities; calls on LINK to halt its cuts to the funding for ATMs; and further calls on the PSR to conduct a full market review of the ATM network to establish demand.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Betts, Mr Clive
Labour
Signed on 2 July 2018
Sheffield South East
Campbell, Mr Ronnie
Labour
Signed on 27 June 2018
Blyth Valley
Cooper, Rosie
Labour
Signed on 4 September 2018
West Lancashire
Cunningham, Mr Jim
Labour
Signed on 26 June 2018
Coventry South
Davey, Sir Edward
Liberal Democrat
Signed on 27 June 2018
Kingston and Surbiton
Day, Martyn
Scottish National Party
Signed on 9 July 2018
Linlithgow and East Falkirk
Farrelly, Paul
Labour
Signed on 28 June 2018
Newcastle-under-Lyme
Field, Frank
Labour
Signed on 3 July 2018
Birkenhead
Gaffney, Hugh
Labour
Signed on 26 June 2018
Coatbridge, Chryston and Bellshill
George, Ruth
Labour
Signed on 27 June 2018
High Peak
Hanson, David
Labour
Signed on 5 July 2018
Delyn
Hendry, Drew
Scottish National Party
Signed on 17 July 2018
Inverness, Nairn, Badenoch and Strathspey
Hermon, Lady
Independent
Signed on 25 June 2018
North Down
Hobhouse, Wera
Liberal Democrat
Signed on 27 June 2018
Bath
Hopkins, Kelvin
Independent
Signed on 28 June 2018
Luton North
Kinnock, Stephen
Labour
Signed on 27 June 2018
Aberavon
Lake, Ben
Plaid Cymru
Signed on 3 July 2018
Ceredigion
Martin, Sandy
Labour
Signed on 26 June 2018
Ipswich
McKinnell, Catherine
Labour
Signed on 4 July 2018
Newcastle upon Tyne North
McNally, John
Scottish National Party
Signed on 27 June 2018
Falkirk
Moran, Layla
Liberal Democrat
Signed on 9 July 2018
Oxford West and Abingdon
Morris, Grahame
Labour
Signed on 3 July 2018
Easington
O'Mara, Jared
Independent
Signed on 16 July 2018
Sheffield, Hallam
Phillips, Jess
Labour
Signed on 28 June 2018
Birmingham, Yardley
Russell-Moyle, Lloyd
Labour
Signed on 2 July 2018
Brighton, Kemptown
Saville Roberts, Liz
Plaid Cymru
Signed on 26 June 2018
Dwyfor Meirionnydd
Sharma, Mr Virendra
Labour
Signed on 2 July 2018
Ealing, Southall
Smeeth, Ruth
Labour
Signed on 26 June 2018
Stoke-on-Trent North
Snell, Gareth
Labour
Signed on 3 July 2018
Stoke-on-Trent Central
Sobel, Alex
Labour
Signed on 26 June 2018
Leeds North West
Stevens, Jo
Labour
Signed on 6 July 2018
Cardiff Central
Stone, Jamie
Liberal Democrat
Signed on 26 June 2018
Caithness, Sutherland and Easter Ross
West, Catherine
Labour
Signed on 26 June 2018
Hornsey and Wood Green
Williams, Hywel
Plaid Cymru
Signed on 5 July 2018
Arfon
Wilson, Phil
Labour
Signed on 26 June 2018
Sedgefield
Wilson, Sammy
Democratic Unionist Party
Signed on 2 July 2018
East Antrim

There are no withdrawn signatures for this motion.