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Budget response - Protecting access to cash ‘vital’ for vulnerable consumers

Responding to announcements in the budget to protect access to cash, CAS Financial Health spokesperson Myles Fitt said:

“These measures are vital to protect the interests of vulnerable consumers. Our network helps hundreds of thousands of people each year and we know that for some of the most vulnerable people we help access to cash is vital.

“These would include elderly people who have always used cash, people on low incomes who use cash to help them budget and people in rural communities. Many businesses in Scotland in food, drink and tourism also rely on cash for payments and to give change.

“The need for cash has not gone away. We need a joined up approach across banks, cash machine providers, post offices and retail businesses to ensure that people can still get access to cash when they need it.”

NOTES

As part of today's budget the UK Government announced that it will 'bring forward legislation to protect access to cash and ensure that the UK's cash infrastructure is sustainable in the long-term'.

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