Thirtieth Report - The production and distribution of cash

Select Committee
Public Accounts Committee HC 654 4 December 2020
Report Status Government responded
Conclusions & Recommendations 25 items (6 recs)
Source View on Parliament website
Government Response (AI assessment · 24 of 25 classified)
Accepted 12
Acknowledged 4
Deferred 4
Not Addressed 4
Government response
Treasury minutes: Government response to the Committee of Public Accounts on the Thirtieth report from Session 2019-21 · published 25 Mar 2021
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Recommendations & Conclusions

4 results
7 Conclusion Acknowledged
When asked who would pay for the increasing cost of maintaining the cash system the...
Conclusion
When asked who would pay for the increasing cost of maintaining the cash system the FCA acknowledged that the economics of the cash system is changing. It suggested that further thought will need to be given to how to support … Read more
Government Response Summary
The government agrees with the Committee's observation regarding the changing economics of the cash system and the political nature of cost allocation, but provides no specific commitments.
HM Treasury
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8 Conclusion Acknowledged
The Treasury informed us that a lot of work had been commissioned, from both government...
Conclusion
The Treasury informed us that a lot of work had been commissioned, from both government and outside government, to understand how rapid changes in the cash system were impacting on those still reliant on cash. This work indicated that 2 … Read more
Government Response Summary
The government agrees with the Committee's observation regarding ongoing research into cash reliance and SME access to services, but offers no specific commitments or new actions.
HM Treasury
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9 Conclusion Acknowledged
The FCA and PSR are working with the University of Bristol to provide a map...
Conclusion
The FCA and PSR are working with the University of Bristol to provide a map of access to cash across the country and the different ways in which cash can be accessed, including bank branches, post offices, cash machines and … Read more
Government Response Summary
The government agrees with the Committee's observation regarding the ongoing work by FCA and PSR to map access to cash but provides no specific actions or commitments to accelerate the work.
HM Treasury
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11 Conclusion Acknowledged
The FCA and PSR acknowledged that there is not likely to be one solution to...
Conclusion
The FCA and PSR acknowledged that there is not likely to be one solution to meeting the cash access needs of local communities. Both organisations recognised that creative solutions will be needed that are community-based, reflecting the make-up of the … Read more
Government Response Summary
The government acknowledges the committee's observation regarding the need for flexible, community-based solutions for cash access. It reiterates its commitment to protecting cash access and will outline its next steps after considering responses to a Call for Evidence.
HM Treasury
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