Tuesday, February 12, 2019

Lib Dems back call for regulator to protect access to cash

The Liberal Democrats are backing calls from consumer rights charity, Which?, for a regulator to protect access to cash following new analysis revealing a rapid decline in cash-points.  

New figures obtained by Which? show cash-points disappeared at a rate of 488 per month between June 2018 and December 2018 with over 250 free-to-use machines also closing monthly.

Former Leader of the Liberal Democrats, Tim Farron said: 

“This research will be concerning for people in smaller communities right across the country who depend on being able to access cash when they need it, without having to trek into the nearest town. 

“People deserve better. Conservative Ministers in Whitehall need to appreciate that not everyone is comfortable with or able to use digital payments and on-line banking. For many, cash is still king. These closures will mean rural areas in particular are being left behind.

“Liberal Democrats demand better. That is why we are backing the call from Which? for a regulator to ensure that no one is left unable to access their own money when they need it.”

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