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Finance

UK government to launch consultation on protecting cash – minister

UK government to launch consultation on protecting cash - minister

LONDON (Reuters) – The British government will launch a public consultation on legislation to protect access to cash this summer, financial services minister John Glen said on Thursday.

The consultation will consider a proposal to ensure access to cash within reasonable travel distances and evaluate which firms fall within the scope of the requirement, Glen told a webcast event by consumer group Which!

“The government believes the Financial Conduct Authority would be best placed to play a leading role in holding firms to account on access to cash so that the needs of consumers and businesses are met,” Glen said.

(Reporting by Iain Withers, editing by Huw Jones)

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