Source · Select Committees · Scottish Affairs Committee
Recommendation 3
3
Paragraph: 27
We welcome the Government’s commitment to legislating to protect access to cash.
Conclusion
We welcome the Government’s commitment to legislating to protect access to cash. However, we are disappointed about the extended period of time it took the UK Government to announce the legislation, considering the urgency of the issue. We look forward to seeing how specific safeguards to protect access to cash will be set out in the Financial Services and Markets Bill.
Paragraph Reference:
27
Government Response
Acknowledged
HM Government
Acknowledged
Since the publication of the Committee’s report, the Government has introduced legislation to Parliament to protect access to cash as part of the Financial Services and Markets Bill 2022. As the Bill is considered by Parliament I look forward to your continued engagement on this important subject. In that spirit, this letter responds to the recommendations to the Government contained in your report.