Question to the HM Treasury:

To ask the Chancellor of the Exchequer, if he will introduce legislation to protect free access to cash for people in (a) the Luton North constituency and (b) the UK.

The Government recognises that cash is important to the daily lives of millions of people across the UK, and has committed to legislating to protect access to cash for those who need it and ensuring that the UK's cash infrastructure is sustainable for the long term.

In line with this commitment, the Government published a Call for Evidence last year, which sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight of the cash system.

Since then, the Government has made legislative changes to support the widespread offering of cashback without a purchase by shops and other businesses as part of the Financial Services Act 2021. These changes will come into effect in late June of this year. The Government’s view is that cashback without a purchase has the potential to be a valuable facility to cash users, and to play an important role in the UK’s cash infrastructure.

In addition, the Government has recently announced that it will consult this summer on further legislative proposals for protecting cash for the long term.