Access to Cash Debate

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Department: HM Treasury
Wednesday 20th October 2021

(2 years, 5 months ago)

Westminster Hall
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Maria Miller Portrait Mrs Maria Miller (in the Chair)
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I encourage Members to wear masks when they are not speaking, and to give each other space when moving around, or entering or leaving the room.

Alex Davies-Jones Portrait Alex Davies-Jones (Pontypridd) (Lab)
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I beg to move,

That this House has considered access to cash.

It is a pleasure to serve under your chairship, Mrs Miller. Given recent events, I feel it is important to take a moment to pay tribute to our wonderful colleague, Sir David Amess, who was a regular contributor to Westminster Hall debates. His presence here will forever be missed.

I am pleased to have secured this debate, particularly as our ability to physically access cash has been restricted as we continue to tackle coronavirus, and given the recent increase to the contactless card spending limit from £45 to £100.

I come to this debate with a specific constituency interest in mind. One of the jewels in the Pontypridd crown is the Royal Mint, based in Llantrisant. It is a major local employer, and I must give its tourist attraction, the Royal Mint Experience, a quick plug. The Royal Mint is the manufacturer of UK coins, and is not directly involved in policy on the use of cash, but it is a key contributor to ensuring that certain skills, and the capability to circulate coins, still exist in this country. I was joined there by the Under-Secretary of State for Wales, the hon. Member for Monmouth (David T. C. Davies), only a few months ago; we struck coins, and met young people on the kickstart scheme. I will, however, try to refrain from reminding the Minister that despite all the country’s coins being made in my constituency, we sadly see precious little money in return from the Government. Perhaps that is a matter to be discussed another time.

Instead, I will focus on the sad, widespread repercussions of reduced cash flow, which is having a major impact on high streets up and down the country. Many have been hit by multiple bank closures, including in my constituency of Pontypridd and across Caerphilly. Banks not only provide vital services for a huge range of community groups, but are often the epicentre of our high streets, and are vital in encouraging local trade and footfall for surrounding businesses.

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None Portrait Several hon. Members rose—
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Maria Miller Portrait Mrs Maria Miller (in the Chair)
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There are a large number of people wishing to speak in this debate, so I suggest an informal three-and-a-half minute time limit, so that as many people as possible can take part.

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Ronnie Cowan Portrait Ronnie Cowan
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I am sorry, but I do not have time. Most importantly, the roles of each part of the system need to be clearly defined so that they complement each other, and when technology fails there must be a safety net to ensure that people can still top up their meters, purchase food and access public transport.

Maria Miller Portrait Mrs Maria Miller (in the Chair)
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We have three speakers left and seven minutes, so perhaps Members will be kind to each other. I call Rachel Hopkins.

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Maria Miller Portrait Mrs Maria Miller (in the Chair)
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Order. I ask the final Back-Bench speaker to finish by 3.28 pm.