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Bank of England Acts to Protect Cash Access for Vulnerable

7/13/2025

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Summary

Story summary

The Bank of England is stepping up to safeguard cash acceptance in the UK, responding to a Treasury Committee report that raises alarms about vulnerable groups being left behind, including the elderly and domestic abuse survivors. With no legal requirement for businesses to accept cash, MPs are calling for urgent action to protect these individuals' access to essential services.

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Story summary

The Bank of England is stepping up to safeguard cash acceptance in the UK, responding to a Treasury Committee report that raises alarms about vulnerable groups being left behind, including the elderly and domestic abuse survivors. With no legal requirement for businesses to accept cash, MPs are calling for urgent action to protect these individuals' access to essential services.