Which? comments amid reports Rishi Sunak is backing away from cash legislation
Gareth Shaw, Which? Head of Money, said:
“It is deeply concerning to hear the government could be wavering in its commitment to legislation to protect access to cash. Rishi Sunak’s promise at last year’s Budget gave hope to millions of people and to communities around the UK that rely on cash and would struggle to get by without it.
“The government withdrawing its support could bring the cash system to its knees and risk a rapid and uncontrolled shift towards a cashless society that will see many vulnerable people and local communities left behind. The government must set out a roadmap for legislation at the earliest opportunity, to ensure cash remains a viable payment method for as long as it is needed.”
Statement: cash, Gareth Shaw, Treasury