PARLIAMENTARY WRITTEN QUESTION
Cash Dispensing (27 August 2024)
Question Asked
What steps her Department is taking to ensure that shared banking hubs help improve access to cash for people who are financially excluded.
Asked by:
Neil Duncan-Jordan (Labour)
Asked by:
Neil Duncan-Jordan (Labour)
Answer
The Government is committed to protecting cash and the FCA published its final regulatory rules on 18 July. The Government also is working closely with the financial services sector to roll out at least 350 banking hubs. These will provide individuals, including those who are financially excluded, with critical cash and banking services. Cash Access UK expects to have 100 hubs open by the end of the year.
Answered by:
Tulip Siddiq (Labour)
3 September 2024
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.