VICTORY FOR CHEQUE CAMPAIGNERS
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VICTORY FOR CHEQUE CAMPAIGNERS

The Payments Council has announced that cheques will no longer be discontinued in 2018.

MP for Mid Worcestershire, Peter Luff, who has campaigned with his constituents for the Payments Council to retain cheques, was delighted by the news. He said,

“I have met and written several times to the Payments Council as well as to the government to impress the importance of retaining cheques until a truly acceptable alternative has been agreed. I am relieved that they have understood what the knock-on effect would be if they were to be abolished.

“This is a huge victory for the elderly and housebound, schools, clubs and charities, rural communities, small businesses and others who still rely heavily on the cheque as a form of payment. I have always said that it would be completely unacceptable to discontinue the current system without having an acceptable alternative in place. This is exactly the right decision to have made.”

The Treasury Select Committee reopened the inquiry into the future of cheques because of deep public concern. They had received hundreds of letters and emails from members of the public, charities and small businesses who were overwhelmingly against plans to abolish the cheque.

Peter commented

“It is now vital that banks stop discouraging customers from using cheques. It must be the government’s priority to make sure that consumer choice is protected.”

The Payments Council has now committed to concentrate on making the existing cheque system faster and cheaper to operate.

ENDS

Note to editors

In their press release Richard North, the Chairman of the Payments Council said:
"It's in the DNA of the Payments Council to consult and listen to all those people who actually make payments and use cheques. Listening to over 600 stakeholder groups, working with the banks and following our appearance before the Treasury Select Committee, we have concluded we should reassure customers that the cheque is staying.
“Over the last two years we have learnt a great deal about what is important to our many stakeholders and we are really grateful to all of those groups and individuals who took the time to talk to us and help us reach this decision. We will use what we’ve learnt to keep improving existing systems, as well as introducing innovation, so that customers benefit from 21st century ways to pay. Innovation must be at the heart of what we do.”

Peter Luff 01905 763952


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