The independent Access to Cash Review has been established to consider consumer requirements for cash over the next five to fifteen years.
Its main objective is to ensure that there remains an effective and inclusive cash access service that meets the needs of all consumers, regardless of their personal circumstances, for as long as necessary.
The Review will therefore be broad, transparent, open, and independent.
The Access to Cash Review will:
December 2018
The Access to Cash Review Interim Report , ‘Is Britain ready to go cashless?’, shows despite the increasing use of cards and electronic payments, approximately eight million (17%) of people say cash is an economic necessity.
Download a copy.
March 2019
The Access to Cash Review – Final Report calls on the Government, regulators and banks to act now or risk leaving millions behind.
The Review’s action plan to protect cash access calls for:
Download a copy.
The Access to Cash Review issued a Call for Evidence which closed on 30th September 2018.
It was an opportunity for everyone to give their input to the Review and almost 70 responses were received. All were carefully considered.
The Call for Evidence documentation, which can still be downloaded below, contains background information which may be of interest.
Download the Access to Cash - Call for Evidence documentation.
Responses for the Call for Evidence can be viewed here.
We are pleased to provide a response to the government’s call for evidence on Access to Cash legislation which can be downloaded here. The Access to Cash Review concluded in 2019 that despite the growth of digital payments, there remained a sizable proportion of the UK population who needed cash and for who digital payments did not yet work sufficiently well. Further, we concluded that unless action was taken, the cash infrastructure could collapse, leaving those most in need of cash unable to get it or use it. We called for government and regulatory action to create a coherent strategy around cash access and acceptance which was likely to include the need for legislation.
We therefore welcome the government’s commitment to bring forward legislation to protect access to cash, and to ensure that the UK’s cash infrastructure is sustainable in the long term. Particularly in these times of pandemic, when people’s financial and physical resilience is reduced, we need to ensure that no-one is left behind. We welcome the government’s commitment to complement this cash work with policy initiatives to support digital and financial inclusion. We have responded to the consultation with practical suggestions as to legislative models and the regulatory framework which may be required.
The Access to Cash Review's Terms of Reference.
The Access to Cash Review's Call for Evidence.
The Access to Cash Review's Interim Report.
The Access to Cash Review's Final Report.
Chair's Launch Blog March 2019
Panel Blog - Cashless Chaos - James Daley - March 2019
Panel Blog - Privacy in a Cashless Society - Phil Kenworthy - October 2019
Coin vs Contactless, should companies be forced to accept cash? See video from Panel Chair, Natalie Ceeney
If you would like to contact the Access to Cash Review then please contact us on the details below.
Email: comms@cicero-group.com
Telephone: 0207 297 5971
Post:
Adam Taylor (Access to Cash Review)
9th Floor
The HKX Building
3 Pancras Square
London N1C 4AG
For Access to Cash Review media enquiries please contact our press office team.
Email: media@accesstocashreview.com
Telephone: Adam Taylor on +44 (0)20 7297 5971