I wrote to the Chancellor as part of our week of action to save bank branches and ATMs across the country. Today, the government has acted. Cash will be protected.
11/03/2020: Win! Cash will be protected
It’s been confirmed in today’s Budget that the government will bring forward legislation to protect access to cash and ensure that the UK’s cash infrastructure in sustainable in the long-term.
Thank you to the thousands of people across the UK who joined us in calling for the Treasury to act, which culminated in my visit to Downing Street to deliver a brief case full of your stories.
We know that the cash system faces irreversible damage within the next two years, so the government must swiftly press ahead with these plans to legislate, which must include putting a single regulator in charge of protecting cash.
It’s vital that today’s commitment is quickly turned into action.
We look forward to working with the government, regulators and industry to ensure that cash is protected for as long as it is needed.
26/02/2020: My letter to Rishi Sunak
The UK’s ATM network is on the verge of collapse.
We’re even being charged a fee to access our own money at 25% of the cash machines that remain.
Understandably, millions of people are unhappy about this. They rely on cash. For many of them, cash is the only option.
If things carry on as they are, cash as we know it will cease to exist in just two years.
Yes, digital payments are good, but right now the UK isn’t ready to go cashless. The government promised to maintain our access to cash.
As the new Chancellor, this budget is your opportunity to turn that promise into action.
Which? is the UK’s largest consumer organisation. We stand ready with our 1.3 million members and supporters to work with you, to protect cash for the millions of people who need it.
If you don’t act now, free access to our own cash will soon be gone forever.
Anabel Hoult, CEO, Which?.
Do you feel that the Government should make sure cash is protected in the next budget?
Yes (100%, 2,739 Votes)
No (0%, 12 Votes)
Not sure (0%, 1 Votes)
Total Voters: 2,752
Why do you want the government to protect cash? Tell us why in the comments below, and we’ll share them alongside Anabel’s letter this Friday.