PM says everyone should be able to access cash but Government should not ‘start imposing on individual businesses’
Rishi Sunak said it would not be appropriate to require all shops to accept cash, amid fears that the switch to electronic payments could leave some customers isolated.
The Prime Minister said that while he believed everyone should be able to access cash it would be “a different thing for the Government to start imposing on individual businesses”.
It comes after the Government announced earlier this month that banks will be forced to provide customers with free access to cash within three miles of their home.
Ministers are bringing forward new laws designed to preserve paper money and protect deposit and withdrawal services. Banks that fail to comply with the access rules will face limitless fines.