Access to cash in Scotland
Scottish Affairs Committee
Closed
Inquiry
The non-inquiry sessions will focus on access to cash and financial services in Scotland. The non-inquiry sessions are likely to: Understand the impact of bank branch closures on Scottish communities and workers Assess measures to ensure access to cash for consumers in Scotland Analyse the viability of alternatives to ATMs …
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5
Recommendations
9
Conclusions
1
Report
3
Oral sessions
7
Letters
5
Events
Activity timeline 17 events
19 Oct
2022
2022
17 Oct
2022
2022
Formal meeting (private meeting) · Room 15, Palace of Westminster
11 Jul
2022
2022
Report published
5 Jul
2022
2022
Formal meeting (private meeting) · Room 5, Palace of Westminster
20 Jun
2022
2022
20 Jun
2022
2022
14 Jun
2022
2022
23 May
2022
2022
Oral evidence
23 May
2022
2022
Formal meeting (oral evidence session) · Room 5, Palace of Westminster
7 Mar
2022
2022
7 Feb
2022
2022
Oral evidence
7 Feb
2022
2022
Formal meeting (oral evidence session) · Room 6, Palace of Westminster
Oral evidence sessions 3 sessions
23 May 2022
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John Glen · HM Treasury
Laura Mountford · HM Treasury
7 Feb 2022
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Carol Anderson · TSB
Fergus Murphy · Virgin Money UK
Martin Kearsley · Post Office
Reza Attar-Zadeh · Santander UK
Ricky Diggins · Lloyds Banking Group
17 Jan 2022
View on parliament.uk
Adrian Roberts · LINK
David Postings · UK Finance
Debbie Hutchings · Unite the Union
Richard Cooper · Cardtronics Division
Richard Piggin · Which?
Reports 1 report · click to expand
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| Second Report - Access to cash in Scotland | HC 80 | 11 Jul 2022 | 14 | Responded |
Recommendations & Conclusions
8 results
1
Conclusion
Acknowledged
Second Report - Access to cash in …
We recognise that the Government does not want to intervene in the detail of commercial...
We recognise that the Government does not want to intervene in the detail of commercial decisions. However, we are concerned that a lack of data on cash usage in Scotland means Ministers have not had a clear picture of the …
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Government Response
The government referenced data from LINK indicating that the proportion of free-to-use ATMs has increased in Scotland and that cash use remains higher than the UK average.
Scotland Office
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2
Conclusion
Acknowledged
Second Report - Access to cash in …
We welcome recent initiatives announced by the Cash Action Group to ensure free access to...
We welcome recent initiatives announced by the Cash Action Group to ensure free access to cash in the absence of legislation. However, considering the scale of the population which remains reliant on cash, and likely will do so for the …
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Government Response
The government acknowledges the Cash Action Group's initiatives and states that the legislation allows HM Treasury to designate industry coordination bodies for FCA oversight.
Scotland Office
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3
Conclusion
Acknowledged
Second Report - Access to cash in …
We welcome the Government’s commitment to legislating to protect access to cash.
We welcome the Government’s commitment to legislating to protect access to cash. However, we are disappointed about the extended period of time it took the UK Government to announce the legislation, considering the urgency of the issue. We look forward …
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Government Response
The government acknowledges the committee's welcome of the legislation to protect access to cash and states that the Financial Services and Markets Bill 2022 has been introduced to Parliament.
Scotland Office
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4
Conclusion
Acknowledged
Second Report - Access to cash in …
The reported increase in the number of retailers refusing to accept cash could significantly inhibit...
The reported increase in the number of retailers refusing to accept cash could significantly inhibit the ability of people who either rely on cash, or choose to use it as their preferred payment method, to participate in the economy and …
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Government Response
The government recognized the importance of transacting in cash, but maintained that it should remain the choice of individuals and organizations as to whether to accept cash or card.
Scotland Office
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10
Conclusion
Acknowledged
Second Report - Access to cash in …
Deposit-taking ATMs would provide a valuable service to consumers and SMEs in Scotland that have...
Deposit-taking ATMs would provide a valuable service to consumers and SMEs in Scotland that have lost their bank branches, while assisting in the sustainability of the ATM network and the long-term provision of cash in Scotland.
Government Response
The government referenced industry efforts to improve coordinated efforts to meet cash access needs, including Cash Action Group commitments to provide shared bank hubs and deposit solutions, and noted FCA oversight.
Scotland Office
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11
Recommendation
Acknowledged
Second Report - Access to cash in …
Attempts to introduce deposit-taking ATMs for both consumers and SMEs have been constrained by a...
Attempts to introduce deposit-taking ATMs for both consumers and SMEs have been constrained by a considerable lack of progress from both the banking industry and the UK Government. Considering the strength of the evidence to support their introduction, we repeat …
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Government Response
The government referenced industry efforts to improve coordinated efforts to meet cash access needs, including Cash Action Group commitments to provide shared bank hubs and deposit solutions, and noted FCA oversight.
Scotland Office
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12
Conclusion
Acknowledged
Second Report - Access to cash in …
The Post Office play a substantial role in the provision of free access to cash...
The Post Office play a substantial role in the provision of free access to cash for communities across Scotland. We commend the positive action taken by both the banking industry and the Post Office to increase the availability of banking …
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Government Response
The government expressed support for the Banking Framework agreement and the Post Office's role, highlighting funding provided to the Post Office and referencing a new agreement with the sector.
Scotland Office
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13
Conclusion
Acknowledged
Second Report - Access to cash in …
Despite the efforts taken by the banking industry and the Post Office, the current cash...
Despite the efforts taken by the banking industry and the Post Office, the current cash infrastructure is fragile, and the Banking Framework Agreement is ultimately short-term and voluntary. A decision by any of the major banks to withdraw from Access …
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Government Response
The government expressed support for the Banking Framework agreement and the Post Office's role, but stated that it is not for the government to negotiate the details of commercial contracts and highlighted funding provided to the Post Office.
Scotland Office
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Correspondence 7 letters
20 Jun 2022
To committee
Letter from John Glen, Economic Secretary, HM Treasury, on the follow-up to access to cash
Parliament page
20 Jun 2022
To committee
Letter from Duncan Cockburn, CEO, OneBanks, on the follow-up to access to cash
Parliament page
14 Jun 2022
Policy briefing from Age Scotland on Access to cash in Scotland, dated May 2022
Parliament page
7 Mar 2022
To committee
Letter from Andrew McIntyre, Senior Communications Manager, Scotland, TSB, following-up to access to cash evidence session-customer support, dated 28 February 2022
Parliament page
31 Jan 2022
To committee
Letter from Duncan Cockburn, CEO, OneBanks, on access to cash and the OneBanks pilots, dated 25 January 2022
Parliament page
18 Jan 2022
To committee
Letter from Richard Cooper, Executive Director–Marketing, NCR, Cardtronics Division, on ATM infrastructure, dated 10 January 2022
Parliament page
25 Oct 2021
To committee
Letter from Debbie Hutchings, Regional Officer, Unite the Union, on Virgin Money branch closures, dated 1 October 2021
Parliament page