Tuesday, March 15, 2011

Liberal Democrats fight to save cheques

Co-chair of the Liberal Democrat Parliamentary Committee on Business, Innovations and Skills, Lorely Burt, together with her parliamentary colleagues MP for Cheadle, Mark Hunter and MP for Bradford East, David Ward has been leading a campaign to prevent the phasing out of cheques.

Commenting ahead of the delivery of a ‘save the cheque’ petition to No 10 today, Lorely Burt said:

“Last year alone there were over one billion cheque transactions which shows just how widely used this form of payment still is. For tradesmen and small business, cheques are an essential method of payment as other methods can be expensive to administer.

“For many older or vulnerable people, particularly pensioners or those who are housebound, cheques are a necessary alternative to keeping wads of cash under their pillow and leaving themselves at a greater risk of theft and burglary.

“Our petition has received support from thousands of people from all across the country, of different ages and walks of life. Today we’re calling on the Government to acknowledge that banks have a social responsibility to serve and protect their customers, and that retaining cheques would mean little or nothing to banks but a great deal to millions of their customers who still rely on them.”
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