Select Committee · Treasury Committee

Acceptance of Cash

Status: Closed Opened: 4 Nov 2024 Closed: 13 Oct 2025 2 recommendations 12 conclusions 1 report

The Committee is inquiring into whether there is a need in the UK to regulate or mandate the acceptance of physical cash in the form of notes and coins. The inquiry will consider any need for legislation and/or regulation, and potential costs to consumers and businesses. Read the call for evidence to find out more …

Clear

Reports

1 report
Title HC No. Published Items Response
6th Report - Acceptance of cash HC 324 30 Apr 2025 14 Responded

Recommendations & Conclusions

2 items
123 Conclusion 6th Report - Acceptance of cash Acknowledged

Other countries are exploring diverse, interventionist approaches to cash access and acceptance.

We note that this debate is being conducted in other countries, and more interventionist approaches are being considered than is currently acceptable to the UK’s Government. We note with interest the range of approaches to cash in these similar countries, including the approach taken by the European Union and Australia …

Government response. The government agrees on the importance of monitoring international approaches to cash access and states it already continually monitors global payment trends and will continue to assess developments in other countries to inform future policy.
HM Treasury
124 Conclusion 6th Report - Acceptance of cash Acknowledged

Assess international approaches to declining cash access in the UK's interim regulation review.

In its interim assessment of the current cash access regulation (see Conclusions and recommendations for the UK), HM Treasury must include an assessment of how the problem of declining cash access is being tackled internationally. This must include an assessment of elements of, or all of, these approaches would work …

Government response. The government agreed on the importance of monitoring international approaches to cash access and stated it will continue to keep relevant international data under review to inform future policy. However, it did not explicitly commit to including this assessment in …
HM Treasury