Business of the House

Greg Knight Excerpts

Thursday 15th July 2021 Commons Chamber

[Mr Rees-Mogg]

First of all, it is amazing how illiberal the Liberals nowadays are. They used to believe in freedom and Mill and all of that, who was closely associated with the Liberal party of old, but the modern version is very dour and controlling. I am happy though to be in absolute agreement with the hon. Lady, my neighbour, on the importance of mathematics. As she knows, Bath University is in her constituency and Bath Spa University is in mine, so we are fortunate to share in our area two very good universities. Mathematics will be at the forefront of how this country competes in future generations. I see that the Protect Pure Maths campaign places a great emphasis on the achievements and legacy of Alan Turing, as the hon. Lady mentioned, so it is good news that he is on the £50 note, which I am sure all of us wish to see more of in our daily lives for all sorts of good reasons. Unfortunately, it is not within my authority to decide the naming of the Committee; it is a matter for the House. I encourage the hon. Lady to have a word with my right hon. Friend the Member for Tunbridge Wells (Greg Clark) and see whether he, as Chairman of the Committee, is open to such a suggestion. I am sure that, if he were, the House would facilitate such a move.

[Sir Greg Knight (East Yorkshire) (Con) [V]]

Is the Leader of the House aware that 2 million people rely on cash for every transaction that they make and that access to cash is a necessity for countless individuals and small businesses across the UK, particularly for many who are elderly, vulnerable or live in rural areas? Does he accept that people should need to travel only short distances to pay in or take out cash and that cash back without a purchase must be made widely available. On 1 July, the Government published a consultation on plans to protect access to cash. Does he agree that this initiative is not only welcome, but vital?

[Mr Rees-Mogg]

My right hon. Friend’s question follows perfectly from our previous discussion of £50 notes. The Government indeed recognise that access to cash remains important to millions across the UK, and we are committed to legislating to protect access to cash and ensuring the UK’s cash infrastructure is sustainable in the longer term. Already, as part of the Financial Services Act 2021, legislative changes have been made to support the widespread offering, by shops and other businesses, of cashback without a purchase. On 1 July, the Government published a consultation that sets out proposals for new laws to make sure people only need to travel a reasonable distance to pay in or take out cash. So I think Her Minister’s Government and my right hon. Friend are very much at one on this issue.