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Access to cash

EDM (Early Day Motion) 1571: tabled on 02 March 2021

Tabled in the 2019-21 session.

This motion has been signed by 23 Members. It has not yet had any amendments submitted.

Motion text

That this House calls on the Government to set out a timeline for introducing legislation to protect access to cash for people who depend on it, as well as publishing its vision for the long-term future of cash in order to support a managed transition towards digital payments; recognises that the UK’s already fragile cash system has been put under unprecedented strain as a result of the covid-19 outbreak, is convinced that the ability to access and spend cash is not only important for the many vulnerable people who rely on it, but will also play a critical role in the recovery of local economies, particularly as lockdown measures are relaxed and high-streets begin to re-open; is concerned that covid-19 and successive national lockdowns has resulted in a wave of ATM and bank branch closures across the country adding to the urgency of ensuring cash-dependent consumers are not cut off from accessing their only payment method; appreciates that the Government has an important role to play in ensuring that regulators and industry work together to develop a solution for the cash system that meets consumers’ needs and responds to changes in consumer behaviour; recognises that the slow rate of progress and lack of clarity around the scope and timings of legislation on this matter is a cause of concern; and accepts that while industry and regulators will undoubtedly play a critical role in designing a framework to guarantee cash access, HM Treasury must urgently provide much-needed vision to support this.

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.

There are no withdrawn signatures for this motion.