Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to reinforce the status of cash as legal tender.

The forms of payment that are accepted should remain the choice of individual businesses , based on their consideration of factors such as customer preference and cost.

Nevertheless, the Government recognises that cash continues to be used by millions of people across the UK. The Financial Services and Markets Act 2023 established a new legislative framework to protect access to cash for consumers and businesses.