Access to Cash Debate
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Lord Blunkett
Main Page: Lord Blunkett (Labour - Life peer)Department Debates - View all Lord Blunkett's debates with the Department for International Development
(5 years, 7 months ago)
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Lord Bates
There are limitations that arise from the changes in the way that people access their financial services and cash. We are seeing contactless overtaking debit cards as a way of payment. These changes are happening, but it is important that the regulator and the Government work together with the industry to ensure that people continue to have the access they need to these important cash services.
Lord Blunkett (Lab)
My Lords, in fully supporting the point made by the noble Lord, Lord Low, I draw attention to the corollary, which is the denial of choice as the financial institutions gradually seek to eliminate the use of cheques. I believe it is important for the Minister to take this issue alongside the cash issue so that people have genuine choice in the way that they pay their bills.
Lord Bates
I am happy to undertake to do that. At the same time as I write the noble Lord, Lord Low, I will write to the noble Lord, Lord Blunkett.