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847720
registered interest false more like this
date less than 2018-02-23more like thismore than 2018-02-23
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Cash Dispensing: Fees and Charges more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what steps the Government is taking to ensure that the use of ATMs remains free of charge. more like this
tabling member constituency North Dorset more like this
tabling member printed
Simon Hoare more like this
uin 129396 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-02more like thismore than 2018-03-02
answer text <p>The Government recognises that widespread free access to cash via ATMs remains extremely important in the day-to-day lives of many consumers and businesses in the UK, and will continue to work with industry to ensure that it is maintained.</p><p> </p><p>The Government established the Payment Systems Regulator (PSR) in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users.</p><p> </p><p>As part of this, the PSR is monitoring developments within ATM provision, and recently set out three requirements of LINK, the scheme behind the UK’s ATM network: that LINK must maintain the current geographical spread of ATMs; that any changes made to interchange fees must be incremental to allow LINK to monitor the impact and take action if the impact is not as expected; and for a greater focus on LINK’s Financial Inclusion Programme, which ensures the provision of ATMs in certain areas where demand would not otherwise make one viable, to continue to fill gaps in the network. The PSR has committed to using its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>The PSR has recently published a summary of their work to date, which can be found at <a href="https://www.psr.org.uk/psr-focus/the-UK-ATM-network" target="_blank">https://www.psr.org.uk/psr-focus/the-UK-ATM-network</a>.</p><p> </p><p>Following the publication of these three criteria, LINK committed to maintaining an extensive network of free-to-use cash machines, ensuring that the present geographical spread of ATMs is maintained, and bolstering its Financial Inclusion Programme. LINK will also protect all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM, and ensure that any community that loses ATM access because of a branch closure has a free ATM provided.</p><p> </p><p>Furthermore, LINK will undertake an annual review of the impact of the interchange fee reduction as it is phased in over the next four years. In addition, LINK will set up publicly available monitoring on its website of every area of the country showing free ATM availability, and highlight any areas where free ATM availability is lost.</p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-03-02T13:19:31.51Zmore like thismore than 2018-03-02T13:19:31.51Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4494
label Biography information for Simon Hoare more like this
846957
registered interest false more like this
date less than 2018-02-22more like thismore than 2018-02-22
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Bank Notes more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, how many bank notes were (a) printed and (b) in circulation each year between 2010 and 2017. more like this
tabling member constituency North Dorset more like this
tabling member printed
Simon Hoare more like this
uin 129131 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-03-02more like thismore than 2018-03-02
answer text <p>This information is available on the Bank of England website at: <a href="https://www.bankofengland.co.uk/statistics/banknote" target="_blank">https://www.bankofengland.co.uk/statistics/banknote</a></p><p>Summary tables have been reproduced below.</p><p> </p><table><tbody><tr><td><p>Date</p></td><td><p>Number of banknotes produced (m)</p></td></tr><tr><td><p>2009/10</p></td><td><p>1369</p></td></tr><tr><td><p>2010/11</p></td><td><p>1290</p></td></tr><tr><td><p>2011/12</p></td><td><p>994</p></td></tr><tr><td><p>2012/13</p></td><td><p>1310</p></td></tr><tr><td><p>2013/14</p></td><td><p>952</p></td></tr><tr><td><p>2014/15</p></td><td><p>843</p></td></tr><tr><td><p>2015/16</p></td><td><p>674</p></td></tr><tr><td><p>2016/17</p></td><td><p>912</p></td></tr></tbody></table><p> </p><p> </p><p> </p><table><tbody><tr><td><p>Date</p></td><td><p>Number of banknotes in circulation (£m)</p></td></tr><tr><td><p>2010</p></td><td><p>2576.3</p></td></tr><tr><td><p>2011</p></td><td><p>2667.3</p></td></tr><tr><td><p>2012</p></td><td><p>2833.9</p></td></tr><tr><td><p>2013</p></td><td><p>2993.2</p></td></tr><tr><td><p>2014</p></td><td><p>3070.9</p></td></tr><tr><td><p>2015</p></td><td><p>3238.7</p></td></tr><tr><td><p>2016</p></td><td><p>3420.8</p></td></tr><tr><td><p>2017</p></td><td><p>3662.9</p></td></tr></tbody></table><p> </p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
question first answered
less than 2018-03-02T13:13:55.917Zmore like thismore than 2018-03-02T13:13:55.917Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4494
label Biography information for Simon Hoare more like this
825810
registered interest false more like this
date less than 2018-01-19more like thismore than 2018-01-19
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Cash Dispensing: Fees and Charges more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of LINK’s proposed reduction of the interchange fee on (a) consumers and (b) small businesses. more like this
tabling member constituency North Dorset more like this
tabling member printed
Simon Hoare more like this
uin 123877 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-29more like thismore than 2018-01-29
answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with industry, including LINK, to ensure that this access is maintained.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to change the interchange fee rate on consumers, small businesses, the North Dorset constituency or other rural communities. However, the Payment Systems Regulator (PSR), which Government set up as an independent regulator in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users, is monitoring developments within ATM provision, and is conducting ongoing work on the impact that changes may have. The PSR has recently published a summary of their work to date, which can be found at https://www.psr.org.uk/psr-focus/the-UK-ATM-network.</p><p> </p><p>The PSR has committed to using its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>LINK has assured us and the PSR that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intends to bolster its Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and has also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM.</p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN
123789 more like this
123790 more like this
123793 more like this
123878 more like this
123880 more like this
123881 more like this
question first answered
less than 2018-01-29T11:37:37.073Zmore like thismore than 2018-01-29T11:37:37.073Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4494
label Biography information for Simon Hoare more like this
825811
registered interest false more like this
date less than 2018-01-19more like thismore than 2018-01-19
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Cash Dispensing: Fees and Charges more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the number of ATMs that will be withdrawn as a result of a 20 per cent reduction in the LINK interchange fee. more like this
tabling member constituency North Dorset more like this
tabling member printed
Simon Hoare more like this
uin 123878 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-29more like thismore than 2018-01-29
answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with industry, including LINK, to ensure that this access is maintained.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to change the interchange fee rate on consumers, small businesses, the North Dorset constituency or other rural communities. However, the Payment Systems Regulator (PSR), which Government set up as an independent regulator in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users, is monitoring developments within ATM provision, and is conducting ongoing work on the impact that changes may have. The PSR has recently published a summary of their work to date, which can be found at https://www.psr.org.uk/psr-focus/the-UK-ATM-network.</p><p> </p><p>The PSR has committed to using its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>LINK has assured us and the PSR that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intends to bolster its Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and has also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM.</p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN
123789 more like this
123790 more like this
123793 more like this
123877 more like this
123880 more like this
123881 more like this
question first answered
less than 2018-01-29T11:37:37.12Zmore like thismore than 2018-01-29T11:37:37.12Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4494
label Biography information for Simon Hoare more like this
825813
registered interest false more like this
date less than 2018-01-19more like thismore than 2018-01-19
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Cash Dispensing: Rural Areas more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the effect of ATM closures resulting from LINK’s proposed reduction in the interchange fee on (a) North Dorset constituency and (b) other rural communities. more like this
tabling member constituency North Dorset more like this
tabling member printed
Simon Hoare more like this
uin 123880 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-29more like thismore than 2018-01-29
answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with industry, including LINK, to ensure that this access is maintained.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to change the interchange fee rate on consumers, small businesses, the North Dorset constituency or other rural communities. However, the Payment Systems Regulator (PSR), which Government set up as an independent regulator in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users, is monitoring developments within ATM provision, and is conducting ongoing work on the impact that changes may have. The PSR has recently published a summary of their work to date, which can be found at https://www.psr.org.uk/psr-focus/the-UK-ATM-network.</p><p> </p><p>The PSR has committed to using its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>LINK has assured us and the PSR that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intends to bolster its Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and has also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM.</p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN
123789 more like this
123790 more like this
123793 more like this
123877 more like this
123878 more like this
123881 more like this
question first answered
less than 2018-01-29T11:37:37.183Zmore like thismore than 2018-01-29T11:37:37.183Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4494
label Biography information for Simon Hoare more like this
825814
registered interest false more like this
date less than 2018-01-19more like thismore than 2018-01-19
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury more like this
hansard heading Cash Dispensing more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask Mr Chancellor of the Exchequer, what discussions his Department has had with LINK on (a) the proposed reduction in the interchange fee and (b) the Financial Inclusion Programme. more like this
tabling member constituency North Dorset more like this
tabling member printed
Simon Hoare more like this
uin 123881 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-01-29more like thismore than 2018-01-29
answer text <p>The Government recognises that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. Government has been engaging and will continue to engage with industry, including LINK, to ensure that this access is maintained.</p><p> </p><p>The Government has not made any formal assessment of the potential effect of LINK’s proposals to change the interchange fee rate on consumers, small businesses, the North Dorset constituency or other rural communities. However, the Payment Systems Regulator (PSR), which Government set up as an independent regulator in 2015 with a statutory objective to ensure that the UK’s payment systems work in the interests of their users, is monitoring developments within ATM provision, and is conducting ongoing work on the impact that changes may have. The PSR has recently published a summary of their work to date, which can be found at https://www.psr.org.uk/psr-focus/the-UK-ATM-network.</p><p> </p><p>The PSR has committed to using its powers to act should any of the firms it regulates behave in a way that conflicts with its statutory objectives.</p><p> </p><p>LINK has assured us and the PSR that industry is committed to maintaining an extensive network of free-to-use cash machines, and to ensuring that the present geographical spread of ATMs is maintained. LINK intends to bolster its Financial Inclusion Programme, which ensures the provision of ATMs in areas of deprivation, where demand would not otherwise make one viable, and has also committed to protecting all free-to-use ATMs which are a kilometre or more from the next nearest free-to-use ATM.</p>
answering member constituency Newark remove filter
answering member printed Robert Jenrick more like this
grouped question UIN
123789 more like this
123790 more like this
123793 more like this
123877 more like this
123878 more like this
123880 more like this
question first answered
less than 2018-01-29T11:37:37.23Zmore like thismore than 2018-01-29T11:37:37.23Z
answering member
4320
label Biography information for Robert Jenrick more like this
tabling member
4494
label Biography information for Simon Hoare more like this