Money

Treasury written question – answered am ar 17 Mai 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Tan Dhesi Tan Dhesi Shadow Minister (Exports)

To ask the Chancellor of the Exchequer, whether he plans to bring forward legislative proposals to reinforce the status of cash as legal tender.

Photo of Nigel Huddleston Nigel Huddleston The Financial Secretary to the Treasury

The forms of payment that are accepted should remain the choice of individual businesses , based on their consideration of factors such as customer preference and cost.

Nevertheless, the Government recognises that cash continues to be used by millions of people across the UK. The Financial Services and Markets Act 2023 established a new legislative framework to protect access to cash for consumers and businesses.

Does this answer the above question?

Yes2 people think so

No1 person thinks not

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