Cash Dispensing: West Dorset
The question
To ask the Chancellor of the Exchequer, if she will take steps to increase access to cash in West Dorset constituency.
Answered by Tulip Siddiq
The Government recognises that cash continues to be used by millions of people across the UK and is committed to protecting access to cash for individuals and businesses. This includes taking forward a new regulatory regime to protect access to cash.
The Financial Conduct Authority (FCA) has recently assumed regulatory responsibility for access to cash, and its new rules went live on 18 September. Under these rules, following a request from a local community or the closure of a cash access facility, firms that have been designated by government to be subject to the FCA’s regime are required to undertake an assessment of a community’s cash access needs and to put in place a new service if necessary.
Further information about submitting a cash access request can be found at the following link: https://www.link.co.uk/helping-you-access-cash/request-access-to-cash
Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →