Protections for cash machines announced in Queen’s Speech

Oldham Liberal Democrat Group Leader and Shaw councillor, Howard Sykes MBE has been campaigning against cash machine closures in recent years and has welcomed the recent Queen’s Speech announcement about cash machines (ATMs).

According to analysis from consumer researchers at ‘Which?’, since 2015, almost half of the UK’s bank branch network has closed. In addition, a further 12,178 free-to-use cash machines have vanished since 2018.

During yesterday’s Queen’s Speech, the government pledged to introduce a Financial Services and Markets Bill, which will contain measures to protect cash machines and keep them readily available to businesses and members of the public.

Howard Sykes

“Access to cash is vital for businesses and individuals, even in today’s environment where so many transactions are cashless. We have already lost several cash machines in Shaw and Crompton. I tentatively welcome yesterday’s announcement, and as always the devil will be in the detail to see if the proposals have teeth to stop the decline in free ATMs.”

“People must be able to access their own money with ease. Having readily available ATMs on our high streets can be a real lifeline for residents and for businesses. Liberal Democrat councillors will continue to lobby for access to cash to be protected across our communities.”

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