The UK’s largest retail banks have made public commitments to protect the cash network, after we demanded they take urgent action.
Anabel Hoult, Which? chief executive, wrote to each of the banks outlining the fragile state of the cash ecosystem and asked them to make a pledge to help maintain cash access.
While all the banks responded positively, the varying timeframes of their commitment underline the critical need for government action.
In last year’s Budget, legislation was announced to protect cash for consumers, but there’s still no timetable in place for its introduction. Urgent action is required to ensure the long-term future of the cash system in the UK.