'More ambitious approach' needed towards preserving access to cash

09 Feb 2024

The Federation of Small Businesses (FSB) has stated that a 'more ambitious approach' is needed in regard to making sure access to cash is preserved.

The FSB's statement comes following a Financial Conduct Authority (FCA) consultation on the matter, which outlined proposals to protect and widen access to cash.

However, the FSB believes that the proposals 'could go further'. Its own recommendations include:

  • developing a more comprehensive cash assessment process that is more responsive to a wider range of local needs
  • publishing assessment outcomes and making processes transparent
  • responding to a wider range of trigger events to undertake a cash assessment in a local area.

Martin McTague, National Chair of the FSB, said: 'A small business must be free to choose which payment options it wishes to accept, including cash. To enable this, it's vital for the infrastructure required for cash to remain available in all areas.

'Cash access is too important to be left to innumerable individual commercial decisions which, taken together, represent a significant threat to people and businesses' ability to withdraw, process and deposit cash.'


Buyacarehome dorset Hampshire Care Association BHHPA BDPCPF dorset-care-association-logo.jpg

Quick Links

Home | Contact us | Accessibility | Disclaimer | Privacy Notice | Help | Site map | © 2024 Morris Lane. All rights reserved.

We use cookies on this website, you can find more information about cookies here.


Contact Us

Please call:
01202 715950

Address

Morris Lane
31/33 Commercial Road
Poole
Dorset
BH14 0HU

To locate us easily please use our 3 word address (studio.peanut.rescue)