Business of the House

Andrew Jones Excerpts

Thursday 12th March 2020 Commons Chamber

[Mr Rees-Mogg]

I am aware of the problem of four-weekly payments, because constituents have brought it up with me, but I point out that the universal credit has been a successful policy: 200,000 more people are in work; the withdrawal rate is significantly lower, at 63p in the pound of benefits, down from the more than 90p in the pound of other types of benefit; and 700,000 families see around £285 a month of extra money that they are entitled to. Without beginning to pretend that it is a perfect system, it is an improvement on what was there before, and its measured roll-out has been the right thing to do.

[Andrew Jones (Harrogate and Knaresborough) (Con)]

As our economy goes digital, it is not just about retail; money is going digital, too, and there have been predictions that ultimately we will be a cash-free society. However, that cash-free trend is going at different paces in different places. There are implications for business and risks of people in certain groups being left behind, and there are implications now, because access to cash is becoming harder despite it being the main payment type for many transactions. May we have a debate to explore the changes to cash access and cash use in our society?

[Mr Rees-Mogg]

My hon. Friend makes an important point: 2.2 million adults in the UK use cash as their main way to make a payment day to day. There was reference in the Budget to the fact that the Government are going to bring forward legislation to protect access to cash for those who need it and to ensure that our cash infrastructure is sustainable in the long term. My hon. Friend may wish to raise the issue in the Budget debate, because that has been announced and will happen.