Cash Acceptance
Debate between Andrew Griffith and Paul Maynard(1 year, 8 months ago)
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Andrew Griffith
The hon. Lady makes an important point, although perhaps not the one she intended, about some of the challenges of cash in a rural location.
Paul Maynard
Does the Minister think it is important to recognise that cashback without purchase is a voluntary decision by the retailer? Retailers are not obliged to embark upon it if they do not wish to; it is a commercial enterprise.
Andrew Griffith
My hon. Friend is absolutely right. That is one of the principles in how we have approached the issue. Although we are taking powers in the Financial Services and Markets Bill to mandate access to cash and cash machines, we must remember that 95% of the population are within 2 km of a free cash machine.