Acceptance of Cash

Treasury Committee Closed Inquiry
Opened: 4 Nov 2024 Closed: 13 Oct 2025 Parliament page
The Committee is inquiring into whether there is a need in the UK to regulate or mandate the acceptance of physical cash in the form of notes and coins. The inquiry will consider any need for legislation and/or regulation, and potential costs to consumers and businesses. Read the call for … Read more
2 Recommendations
12 Conclusions
1 Report
3 Events
Activity timeline 5 events
12 Jul
2025
Report published
30 Apr
2025
Report published
28 Jan
2025
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
17 Dec
2024
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
4 Dec
2024
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
Title HC No. Published Items Response
6th Report - Acceptance of cash HC 324 30 Apr 2025 14 Responded
Recommendations & Conclusions
2 results
Clear
123 Conclusion Acknowledged
6th Report - Acceptance of cash
Other countries are exploring diverse, interventionist approaches to cash access and acceptance.
We note that this debate is being conducted in other countries, and more interventionist approaches are being considered than is currently acceptable to the UK’s Government. We note with interest the range of approaches to cash in these similar countries, … Read more
Government Response
The government agrees on the importance of monitoring international approaches to cash access and states it already continually monitors global payment trends and will continue to assess developments in other countries to inform future policy.
HM Treasury
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124 Conclusion Acknowledged
6th Report - Acceptance of cash
Assess international approaches to declining cash access in the UK's interim regulation review.
In its interim assessment of the current cash access regulation (see Conclusions and recommendations for the UK), HM Treasury must include an assessment of how the problem of declining cash access is being tackled internationally. This must include an assessment … Read more
Government Response
The government agreed on the importance of monitoring international approaches to cash access and stated it will continue to keep relevant international data under review to inform future policy. However, it did not explicitly commit to including this assessment in its interim review of cash access regulation.
HM Treasury
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Government Response AI assessment · 14 of 2 classified
Accepted 5
Acknowledged 2
Deferred 5
Rejected 2
Total 2 recs + 12 conclusions