Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of removing free to use cash machines from the rating list on access to banking and money; and if he will make a statement.
The government has reduced the burden of business rates for all ratepayers, including free to use cash machines, in 2014-15 and 2015-16. However, the rating list does not distinguish free to use cash machines and no assessment has been made of removing them.
The availability of free cash machines across the country is at an all-time high, with 97% of all cash withdrawals made by UK cardholders in the UK charging no costs to customers.