Baroness Wheatcroft
Main Page: Baroness Wheatcroft (Crossbench - Life peer)Department Debates - View all Baroness Wheatcroft's debates with the Cabinet Office
(2 years, 7 months ago)
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Lord Agnew of Oulton (Con)
To reassure the noble Baroness, there are still some 40,000 ATMs in the country at the last count, and we remain committed to supporting their continuation. Link, the payment services provider for cash machines, has restated that a number of times. The other side of the coin is that the percentage of transactions using cash has declined dramatically; it was 56% of all transactions in 2010, and is now down to 17%. The usage is declining, which is why some of these facilities are going.
Baroness Wheatcroft (CB)
My Lords, post offices are highly valued by the communities they serve. Will the Government consider committing to the Post Office’s future by developing it as “The People’s Bank”, providing cash withdrawal facilities in the communities that need them?
Lord Agnew of Oulton (Con)
My Lords, the Post Office plays a vital role in supporting payments across the system. There are some 11,000 post offices, and some 95% of business customers and 99% of personal banking customers are able to deposit cheques, check their balances and withdraw and deposit cash. The banking framework allows banking via post offices.