The Government has announced new legislation to protect cash withdrawal and deposit facilities, to ensure financial inclusion for millions of people across the UK.
Over recent years, The Fed and thousands of other supermarkets and shops have campaigned to keep cash easily accessible, despite cash usage dramatically falling during the pandemic. The Fed understands the importance of cash for both retailers and members of the public who rely heavily on it.
In addition, the government has also confirmed it will proceed with its proposals to enable the Treasury to specify geographic zones for reasonable access to cash facilities.
In recent years, bank branches and post office closures have increased and caused great issues, and The Fed has requested Government intervention to avoid further closures, particularly in rural areas.
National President Narinder Randhawa has said: “Independent retailers are focused on serving and supporting their local communities. As such, they will want to continue accepting cash for as long as their customers wish to continue paying for it.”