Small Businesses: Cash Dispensing

HM Treasury written question – answered at on 3 March 2017.

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Photo of Rachel Reeves Rachel Reeves Labour, Leeds West

To ask Mr Chancellor of the Exchequer, what assessment he has made of the potential effect of reduced access to free ATMs on small businesses in (a) England, (b) the Yorkshire and the Humber region and (c) Leeds West constituency.

Photo of Simon Kirby Simon Kirby The Economic Secretary to the Treasury

The Government has not made any assessment of the potential effect of reduced access to free ATMs on small businesses in (a) England, (b) the Yorkshire and Humber region and (c) Leeds West constituency.

The Government believes that widespread free access to cash remains extremely important to the day-to-day lives of many consumers and businesses in the UK. To this end, the Government is engaging with LINK and its members, including banks and Independent ATM Deployers, to ensure that widespread free access to cash is maintained, and is encouraged to hear that LINK’s members have committed to further work to find a solution to the dispute.

The Government is also working closely on the issue with the Payment Systems Regulator (PSR), which was established in 2015 to promote competition, innovation, and the needs of end users within payment systems. The PSR is in regular contact with LINK, and is monitoring the situation closely, including assessing the potential effect of any development on the provision of ATMs in the UK.

The PSR has the power to act should LINK or any of its members behave in a way that conflicts with any of its statutory objectives.

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