Lord Young of Cookham
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UK Cash Network
Lord Young of Cookham Excerpts(2 years, 12 months ago)
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Lord Agnew of Oulton (Con)
The noble Lord makes a good point—though perhaps he meant “cyber” attacks—and it is certainly part of our responsibility to ensure that the banking system is resilient to attacks. We have convened the banking system and ensured that operational resilience is a key part of protecting the UK’s financial system, institutions and customers.
Lord Young of Cookham (Con)
My Lords, is there not a levelling-up issue behind my noble friend’s Question, in that areas that are left behind have more people without bank accounts and fewer ATMs? Will this be addressed in the forthcoming levelling up White Paper?
Lord Agnew of Oulton (Con)
My noble friend is right that access to cash can be more difficult for those less well off. However, as he will be aware, LINK has committed to protect free-to-use ATMs more than one kilometre away from the next nearest free ATM or post office and free access to cash on high streets. It remains a priority of this Government to ensure that cash is available.