Acceptance of Cash
Treasury Committee
Closed
Inquiry
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 …
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2
Recommendations
12
Conclusions
1
Report
3
Events
Activity timeline 5 events
12 Jul
2025
2025
Report published
30 Apr
2025
2025
Report published
28 Jan
2025
2025
Formal meeting (oral evidence session) · The Wilson Room, Portcullis House
17 Dec
2024
2024
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
4 Dec
2024
2024
Formal meeting (oral evidence session) · The Thatcher Room, Portcullis House
Reports 1 report · click to expand
| Title | HC No. | Published | Items | Response |
|---|---|---|---|---|
| 6th Report - Acceptance of cash | HC 324 | 30 Apr 2025 | 14 | Responded |
Recommendations & Conclusions
2 results
120
Recommendation
Rejected
6th Report - Acceptance of cash
Broaden Financial Inclusion Committee remit and regularly publish evidence on equitable cash access.
HM Treasury must broaden the terms of reference of the Financial Inclusion Committee on “digital inclusion and access to banking services” explicitly to address the risk that a two-tier economy will lock the digitally excluded out of the economy. HM …
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Government Response
The government states that the existing remit of the access to banking sub-committee already focuses on digital inclusion and that it already continuously reviews relevant data, therefore it does not believe there is a need to broaden terms or implement a new five-year public judgment cycle.
HM Treasury
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122
Conclusion
Rejected
6th Report - Acceptance of cash
Monitor cash acceptance levels and report annually to the Committee on tolerable levels.
There may come a time in the future where it becomes necessary for HM Treasury to mandate cash acceptance if appropriate safeguards have not been implemented for those who need physical cash, and the level of cash acceptance begins to …
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Government Response
The government agreed to continually monitor cash acceptance levels through existing data sources but rejected the call for annual reporting to the Treasury Committee, believing current ongoing data collection provides sufficient information.
HM Treasury
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