Cash Dispensing

(asked on 7th February 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what recent discussions he has had with the Financial Conduct Authority on publishing a policy statement on free access to cash services for low-income families, as part of the digital pound initiative.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Shadow Secretary of State for Business and Trade
This question was answered on 13th February 2023

Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at: https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-giftsand-overseas-travel

While the adoption of digital payments continues to develop at pace, the government recognises that millions of people continue to use cash, particularly those in vulnerable groups. Therefore, the government is currently taking legislation through Parliament to protect access to cash across the UK as part of the Financial Services and Markets Bill.

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