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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

1715590

registered interest
date	02/05/2024
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, if he will make an assessment of the potential impact of trends in the number of ATM closures on (a) access to and (b) the depositing of cash.
tabling member constituency	North Norfolk
tabling member printed	Duncan Baker
uin	24719
answer	answer is ministerial correction date of answer 09/05/2024 answer text <p>Currently, LINK (the scheme that runs the UK's largest ATM network) has commitments to protect the broad geographic spread of free-to-use ATMs and is held to account against these commitments by the Payment Systems Regulator. LINK has committed to protect free-to-use ATMs more than one kilometre away from the next nearest free ATM or Post Office, and free access to cash on high streets (where there is a cluster of five or more retailers) that do not have a free-to-use ATM or a Post Office counter within one kilometre.</p><p> </p><p>LINK publishes monthly statistics on its ATM network on its website <a href="https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/#:~:text=LINK%20has%20also%20committed%20to,commitment%20can%20be%20found%20here" target="_blank">https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/#:~:text=LINK%20has%20also%20committed%20to,commitment%20can%20be%20found%20here</a>.</p><p> </p><p>However, in recognition that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups, 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. The FCA recently held a consultation on its proposed regulatory approach: FCA Access to Cash Consultation. The FCA is currently considering feedback and expects to publish its final rules in the third quarter of this year.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 09/05/2024 11:55:28 answering member 4639 label Biography information for Bim Afolami
tabling member	4784 label Biography information for Duncan Baker

1675952

registered interest
date	06/12/2023
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, what steps his Department is taking to prevent financial exclusion for people reliant on access to cash.
tabling member constituency	Portsmouth South
tabling member printed	Stephen Morgan
uin	5621
answer	answer is ministerial correction date of answer 13/12/2023 answer text <p>The government recognises that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups or who are reliant on cash as a payment method.</p><p> </p><p>The government legislated through the Financial Services and Markets Act 2023 to establish a new legislative framework to protect free 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 free cash withdrawal and deposit facilities. This will help prevent financial exclusion for those who are reliant on access to cash.</p><p> </p><p>The government published a policy statement earlier this year. This stated that consideration should be taken of the degree to which services meet local needs in relation to both business and personal use. The government’s policy statement is available at: Cash Access Policy Statement.</p><p> </p><p>The FCA is currently holding a consultation on its proposed regulatory approach, ahead of this coming into effect by Q3 2024: <a href="https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash" target="_blank">https://www.fca.org.uk/publications/consultation-papers/cp23-29-access-cash</a></p><p> </p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami grouped question UIN 5620 5622 question first answered 13/12/2023 12:37:46 answering member 4639 label Biography information for Bim Afolami
tabling member	4653 label Biography information for Stephen Morgan

1675428

registered interest
date	05/12/2023
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 has had discussions with the Financial Conduct Authority on the potential merits of taking into account the specific needs of local communities when setting minimum cash access standards rather than using geographic criteria.
tabling member constituency	South Holland and The Deepings
tabling member printed	Sir John Hayes
uin	5150
answer	answer is ministerial correction date of answer 12/12/2023 answer text <p><strong>T</strong>he government recognises that cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups.</p><p> </p><p>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>In determining what constitutes reasonable provision, the legislation requires the FCA to have regard to a government policy statement, any local deficiencies in cash access that it has identified and considers to have significant impacts and any other matters as it considers appropriate.</p><p> </p><p>The government published a policy statement earlier this year. This stated that consideration should be taken of the degree to which services meet local needs in relation to both business and personal use. The government’s policy statement is available at: <a href="https://www.gov.uk/government/publications/cash-access-policy-statement/cash-access-policy-statement" target="_blank">Cash Access Policy Statement</a>.</p><p> </p><p>The FCA is currently holding a consultation on its proposed regulatory approach ahead of this coming into effect by Q3 2024.</p> answering member constituency Hitchin and Harpenden answering member printed Bim Afolami question first answered 12/12/2023 17:45:20 answering member 4639 label Biography information for Bim Afolami
tabling member	350 label Biography information for Sir John Hayes

1646469

registered interest
date	21/06/2023
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 his Department plans to reform the funding of the free-to-use ATM network..
tabling member constituency	Bedford
tabling member printed	Mohammad Yasin
uin	190703
answer	answer is ministerial correction date of answer 26/06/2023 answer text <p>The government recognises that while the transition towards digital payments brings many opportunities, cash continues to be used by many people across the UK, including those who may be in vulnerable groups.</p><p> </p><p>The government is currently legislating to protect access to cash across the UK as part of the Financial Services and Markets Bill 2022. The Bill establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities. As amended, the Bill requires the FCA to seek to ensure that there is reasonable provision of free withdrawal and deposit facilities for personal current accounts with relevant providers.</p><p> </p><p>ATMs play an important role in the availability of cash withdrawal facilities. Decisions regarding the operation and funding arrangements of an ATM network are taken by the parties involved. LINK (the scheme that runs the UK's largest ATM network) has made commitments to protect the broad geographic spread of free-to-use ATMs and is held to account against these commitments by the Payment Systems Regulator. LINK publishes information on the number of protected ATMs monthly, and ATMs can be suggested for protected status via LINK’s website: <a href="https://www.link.co.uk/consumers/request-access-to-cash/suggest-an-atm-for-protected-status/" target="_blank">https://www.link.co.uk/consumers/request-access-to-cash/suggest-an-atm-for-protected-status/</a></p><p> </p><p>According to LINK data for March 2023, there were around 39,000 free-to-use ATMs across the UK, including 87 free-to-use ATMs in the constituency of Bedford. Further information is available at: <a href="https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/" target="_blank">https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 190704 190705 question first answered 26/06/2023 12:42:50 answering member 4874 label Biography information for Andrew Griffith
tabling member	4598 label Biography information for Mohammad Yasin

1646471

registered interest
date	21/06/2023
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, with reference to the Financial Services and Markets Bill, whether his Department plans to make an assessment of the adequacy of the number of protected free ATMs..
tabling member constituency	Bedford
tabling member printed	Mohammad Yasin
uin	190705
answer	answer is ministerial correction date of answer 26/06/2023 answer text <p>The government recognises that while the transition towards digital payments brings many opportunities, cash continues to be used by many people across the UK, including those who may be in vulnerable groups.</p><p> </p><p>The government is currently legislating to protect access to cash across the UK as part of the Financial Services and Markets Bill 2022. The Bill establishes the Financial Conduct Authority (FCA) as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities. As amended, the Bill requires the FCA to seek to ensure that there is reasonable provision of free withdrawal and deposit facilities for personal current accounts with relevant providers.</p><p> </p><p>ATMs play an important role in the availability of cash withdrawal facilities. Decisions regarding the operation and funding arrangements of an ATM network are taken by the parties involved. LINK (the scheme that runs the UK's largest ATM network) has made commitments to protect the broad geographic spread of free-to-use ATMs and is held to account against these commitments by the Payment Systems Regulator. LINK publishes information on the number of protected ATMs monthly, and ATMs can be suggested for protected status via LINK’s website: <a href="https://www.link.co.uk/consumers/request-access-to-cash/suggest-an-atm-for-protected-status/" target="_blank">https://www.link.co.uk/consumers/request-access-to-cash/suggest-an-atm-for-protected-status/</a></p><p> </p><p>According to LINK data for March 2023, there were around 39,000 free-to-use ATMs across the UK, including 87 free-to-use ATMs in the constituency of Bedford. Further information is available at: <a href="https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/" target="_blank">https://www.link.co.uk/initiatives/financial-inclusion-monthly-report/</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith grouped question UIN 190703 190704 question first answered 26/06/2023 12:42:50 answering member 4874 label Biography information for Andrew Griffith
tabling member	4598 label Biography information for Mohammad Yasin

1585020

registered interest
date	07/02/2023
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, what recent discussions he has had with the Financial Conduct Authority on publishing a policy statement on free access to cash services for low-income families, as part of the digital pound initiative.
tabling member constituency	Birmingham, Edgbaston
tabling member printed	Preet Kaur Gill
uin	141527
answer	answer is ministerial correction date of answer 13/02/2023 answer text <p>Treasury Ministers have meetings with a wide variety of organisations in the public and private sectors as part of the process of policy development and delivery. Details of ministerial meetings with external organisations on departmental business are published on a quarterly basis and are available at: <a href="https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-giftsand-overseas-travel" target="_blank">https://www.gov.uk/government/collections/hmt-ministers-meetings-hospitality-giftsand-overseas-travel</a></p><p> </p><p>While the adoption of digital payments continues to develop at pace, the government recognises that millions of people continue to use cash, particularly those in vulnerable groups. Therefore, the government is currently taking legislation through Parliament to protect access to cash across the UK as part of the Financial Services and Markets Bill.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 13/02/2023 14:27:25 answering member 4874 label Biography information for Andrew Griffith
tabling member	4603 label Biography information for Preet Kaur Gill

1551931

registered interest
date	14/12/2022
answering body	Treasury
answering dept id	14
answering dept short name	Treasury
answering dept sort name	Treasury
hansard heading	Cash Dispensing
house id	2
legislature	25277 pref label House of Lords
question text	To ask His Majesty's Government what steps they are taking to support people who rely solely on cash to (1) access cash, and (2) access digital banking alternatives to cash.
tabling member printed	The Lord Bishop of St Albans
uin	HL4312
answer	answer is ministerial correction date of answer 21/12/2022 answer text <p><strong></strong>The government recognises that while the transition towards digital banking and payments brings many opportunities, cash continues to be used by millions of people across the UK, including those who may be in vulnerable groups.</p><p> </p><p>The government is currently taking legislation to protect access to cash across the UK through Parliament as part of the Financial Services and Markets Bill 2022. The legislation will establish the Financial Conduct Authority (FCA) as the lead regulator for access to cash with responsibility and powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>As part of its responsibilities, the FCA will be granted powers to seek to address any local deficiencies in the provision of access to cash facilities that it has identified and considers to be significant. The government’s view is that this will allow for consideration of local circumstances in all parts of the UK, including in relation to rural areas. This will result in a regulatory framework that will support the ongoing assessment of cash needs and provision at both a nationwide and local level.</p><p> </p><p>Following the government’s commitment to legislate, industry is working together to deliver new initiatives to provide shared access to cash services. To date, industry has committed to shared bank hubs in 29 locations across the UK and identified 18 further communities for piloting innovations in cash deposit services. Communities can request an assessment of access to cash in their area by LINK using the LINK website.</p><p> </p><p>There is a wide range of options to access everyday banking services, beyond branches, such as online, telephone banking, and the Post Office, reflecting wider changes in how consumers choose to bank. In 2021, 86% of UK consumers used a form of remote banking, such as an app, online or on the phone.</p><p> </p><p>The government works closely with regulators, industry, and consumer groups to support financial inclusion, and is fully supportive of the ongoing work to deliver appropriate access to banking services, including industry initiatives to provide free digital skills training to help customers access online banking.</p> answering member printed Lord Harlech grouped question UIN HL4310 HL4311 question first answered 21/12/2022 11:14:31 answering member 4928 label Biography information for Lord Harlech
tabling member	4308 label Biography information for The Lord Bishop of St Albans

1507096

registered interest
date	20/09/2022
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, when the Government plans to bring forward legislation setting geographic requirements to ensure the provision of withdrawal and deposit facilities to meet cash needs.
tabling member constituency	Bradford East
tabling member printed	Imran Hussain
uin	51720
answer	answer is ministerial correction date of answer 26/09/2022 answer text <p>The Government has introduced legislation to protect access to cash through <a href="https://publications.parliament.uk/pa/bills/cbill/58-03/0146/220146.pdf" target="_blank">Clause 47 and Schedule 8</a> of the Financial Services and Markets Bill. The Bill intends to establish the Financial Conduct Authority as the lead regulator for cash access and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities.</p><p> </p><p>The Bill enables HM Treasury to set out the Government’s policy on cash access in respect of cash withdrawal and deposit services, and for urban and rural areas. The FCA will be required to have regard to this in carrying out its responsibilities under the legislation. The Government will set out further details in due course.</p><p> </p><p>Further details about the Financial Services and Markets Bill can be found on the Parliament website: <a href="https://bills.parliament.uk/bills/3326" target="_blank">https://bills.parliament.uk/bills/3326</a></p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 26/09/2022 16:12:35 answering member 4874 label Biography information for Andrew Griffith
tabling member	4394 label Biography information for Imran Hussain

1504487

registered interest
date	02/09/2022
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, if he will carry out regular assessments of (a) the adequacy of how the ATM network is funded and (b) the impact of the levels of funding of the ATM network on free access to cash.
tabling member constituency	Midlothian
tabling member printed	Owen Thompson
uin	45945
answer	answer is ministerial correction date of answer 20/09/2022 answer text <p>The Government recognises that cash will remain an important part of daily life for millions of people across the UK for many more years.</p><p> </p><p>Decisions regarding the operation and funding arrangements of the ATM network are taken by LINK (the scheme that runs the UK's largest ATM network). LINK has commitments to protect the broad geographic spread of free-to-use ATMs and is held to account against these commitments by the Payment Systems Regulator. LINK has committed to protect free-to-use ATMs more than one kilometre away from the next nearest free ATM or Post Office, and free access to cash on high streets (where there is a cluster of five or more retailers) that do not have a free-to-use ATM or a Post Office counter within one kilometre.</p><p> </p><p>The Government has introduced legislation to protect access to cash as part of the Financial Services and Markets Bill. The Bill will establish the Financial Conduct Authority as the lead regulator for cash access and provide it with appropriate powers to seek to ensure reasonable provision of withdrawal and deposit facilities. The powers provided to the FCA will allow it to determine standards to ensure reasonable access, reflecting factors such as cost for end users.</p> answering member constituency Arundel and South Downs answering member printed Andrew Griffith question first answered 20/09/2022 14:00:24 answering member 4874 label Biography information for Andrew Griffith
tabling member	4482 label Biography information for Owen Thompson