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1716972

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to reinforce the status of cash as legal tender.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	25536
answer	answer is ministerial correction date of answer 17/05/2024 answer text <p>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.</p><p>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.</p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston question first answered 17/05/2024 12:27:02 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1716974

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Small Businesses: Money
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps he plans to take to support small businesses with cash banking, in the context of closures of physical banks.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	25537
answer	answer is ministerial correction date of answer 17/05/2024 answer text <p>In recognition that cash continues to be used by millions of people across the UK, including those in vulnerable circumstances, the government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities.</p><p> </p><p>Following this legislation, the government published a <a href="https://www.gov.uk/government/publications/cash-access-policy-statement/cash-access-policy-statement" target="_blank">Cash Access Policy Statement</a>. This set out that the vast majority of people should be no further than 1 mile from access to cash deposit and withdrawal services in predominately urban areas, and no further than 3 miles in predominately rural areas. The FCA is required to have regard to this statement when exercising its access to cash powers.</p><p> </p><p>The government considers that this legislation will support businesses to continue accepting cash by ensuring they have reasonable access to deposit facilities.</p><p> </p><p>The FCA recently held a consultation on its proposed regulatory approach: <a href="https://www.fca.org.uk/news/press-releases/fca-sets-out-new-rules-maintain-access-cash-increasingly-digital-world#:~:text=Under%20the%20FCA's%20proposals%2C%20designated,act%20to%20address%20these%20needs." target="_blank">FCA Access to Cash Consultation</a>. The FCA is currently considering feedback and expects to publish its final rules in the third quarter of this year.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 25538 question first answered 17/05/2024 12:25:07 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1716975

registered interest
date	09/05/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, whether he plans to take legislative steps to help ensure public access to cash.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	25538
answer	answer is ministerial correction date of answer 17/05/2024 answer text <p>In recognition that cash continues to be used by millions of people across the UK, including those in vulnerable circumstances, the government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect access to cash. This establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash and provides it with responsibility and powers to seek to ensure reasonable provision of cash withdrawal and deposit facilities.</p><p> </p><p>Following this legislation, the government published a <a href="https://www.gov.uk/government/publications/cash-access-policy-statement/cash-access-policy-statement" target="_blank">Cash Access Policy Statement</a>. This set out that the vast majority of people should be no further than 1 mile from access to cash deposit and withdrawal services in predominately urban areas, and no further than 3 miles in predominately rural areas. The FCA is required to have regard to this statement when exercising its access to cash powers.</p><p> </p><p>The government considers that this legislation will support businesses to continue accepting cash by ensuring they have reasonable access to deposit facilities.</p><p> </p><p>The FCA recently held a consultation on its proposed regulatory approach: <a href="https://www.fca.org.uk/news/press-releases/fca-sets-out-new-rules-maintain-access-cash-increasingly-digital-world#:~:text=Under%20the%20FCA's%20proposals%2C%20designated,act%20to%20address%20these%20needs." target="_blank">FCA Access to Cash Consultation</a>. The FCA is currently considering feedback and expects to publish its final rules in the third quarter of this year.</p><p> </p> answering member constituency Mid Worcestershire answering member printed Nigel Huddleston grouped question UIN 25537 question first answered 17/05/2024 12:25:07 answering member 4407 label Biography information for Nigel Huddleston
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi

1714636

registered interest
date	29/04/2024
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Tobacco: Smuggling
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Chancellor of the Exchequer, what steps his Department is taking with local authorities to help tackle the illicit tobacco trade.
tabling member constituency	Slough
tabling member printed	Mr Tanmanjeet Singh Dhesi
uin	24094
answer	answer is ministerial correction date of answer 08/05/2024 answer text <p>In January 2021 HMRC and National Trading Standards launched Operation CeCe. This joint initiative builds on decades of partnership working with local Trading Standards Officers.</p><p> </p><p>This supports them to undertake enforcement activity including the sharing of information and intelligence to target and seize illegal tobacco, disruption of the illicit tobacco market and prevention of fraud in their area. In its first two years of operation more than 28 million cigarettes and nearly 8 tonnes of illicit hand rolling-tobacco were seized.</p><p> </p><p>In January this year, HMRC published a new Illicit Tobacco Strategy ‘Stubbing out the problem’. The Strategy sets out how HMRC intends to build on the success of Operation CeCe by increasing the level of funding available to Trading Standards so that it can have an even greater impact in tackling the illicit tobacco trade.</p> answering member constituency Grantham and Stamford answering member printed Gareth Davies question first answered 08/05/2024 10:28:34 answering member 4850 label Biography information for Gareth Davies
tabling member	4638 label Biography information for Mr Tanmanjeet Singh Dhesi