Mar 6, 2020

Budget 2020: Pledges on tampon tax and the future of cash

Wednesday's Budget will also see Chancellor Rishi Sunak commit to new laws designed to ensure that millions of people have access to cash. Banks have closed hundreds of branches and cash machine operators have either closed machines, or imposed charges. The chancellor will promise new laws to give regulators the power to force banks to support customers' cash needs. The Swedish government has backtracked and has just imposed a law requiring large banks to dispense cash to those who need it. "Anabel Hoult, chief executive of consumer group Which?, said:"We are delighted that he has listened to consumers and is ready to legislate to help millions of people who have been hit hard by bank branch and cash machine closures.

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