The Bishop of St Albans received the following written answer on 21st December 2022:
The Lord Bishop of St Albans asked His Majesty’s Government:
- what steps they are taking to ensure that cash access remains viable in the most remote parts of the UK.
- further to the introduction of shared banking hubs in larger towns in the UK, what assessment they have made of level of cash access those in the most rural areas can expect to have in the future.
- 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.
Lord Harlech (Con): 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.
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.
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