HMT launches consultation on access to cash

Released 14 October 2020

Under new Government proposals, cashback without a purchase could be widely available from retailers of all sizes in local communities across the UK.

The proposals, which also include making the Financial Conduct Authority (FCA) responsible for ensuring the cash system benefits consumers and SMEs, are the latest step in the Government’s effort to support the millions of people and business who rely on cash day to day.

HMT has launched a consultation on the proposals, which will run until 25 November 2020.

Further information can be found in the Treasury press release Government outlines approach to protect future of cash.

The consultation document can be found at Access to Cash: Call for Evidence.

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