Source · Select Committees · Public Accounts Committee
Recommendation 1
1
On the basis of a report by the Comptroller and Auditor General, we took evidence...
Conclusion
On the basis of a report by the Comptroller and Auditor General, we took evidence from HM Treasury and HM Revenue & Customs (HMRC) about the employment support schemes that they have established since the start of the covid-19 pandemic.1
Government Response
Acknowledged
HM Government
Acknowledged
2020. This sought views on the key considerations associated with cash access, including deposit and withdrawal facilities, cash acceptance, and regulatory oversight. The government is considering the responses and will seek to set out its next steps in due course. 1.9 The government disagrees with committing to publish draft legislation to this timetable. Access to cash is a complicated issue. Industry are currently exploring sustainable and appropriate solutions that meet the cash needs of consumers and businesses in the long term, across a range of channels including ATMs. It is therefore important that legislation is not rushed, but is carefully designed to both accommodate both current and future cash access solutions, and to anticipate changing cash access needs over time. 1.10 With regards to cashback without a purchase, the government stated in the Call for Evidence that this has the potential to be a valuable facility to cash users and support local cash recycling. Following the end of the transition period on 31 December 2020, the government is now able to legislate to remove barriers to the widespread adoption of cashback without a purchase. 1.11 The response to recommendation 3 provides additional information on the role of regulators.