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Press Release: Saving the cheque is a victory for common sense - Hunter

July 13, 2011 6:51 PM
Originally published by East Midlands Liberal Democrats

The UK Payments Council announced on Tuesday that they are to reverse their decision to scrap cheques by 2018 and continue their use for as long as customers need them.

Commenting, MP for Cheadle Mark Hunter who originally launched the 'Save the Cheque' campaign through an Early Day Motion in Parliament in November 2009 said:

"This is a great victory for people power and common sense, and proves the banks cannot afford to ignore the views of their customers.

"After years campaigning alongside small businesses, charities and voluntary groups, who will welcome this with open arms, I am absolutely delighted by this news."

Commenting further, Co-chair of the Liberal Democrat Parliamentary Committee on Business Innovations and Skills, Lorely Burt said:

"I've spoken to hundreds of small businesses who were concerned that the removal of cheques would drive up their costs and end up putting them out of business.

"Today's announcement means that those small businesses and tradesmen who rely on cheque payments can now be sure of their future."

ENDS

Notes to Editors:

1. The original EDM 258 'Save the Cheque' tabled in November 2009 is below:

That this House notes with concern that high street banks are planning to stop accepting cheques despite protest from consumer groups and businesses; further notes that nearly four million cheques are still being written each day and that many people still prefer to pay for goods and services in this way; is concerned that the Payments Council which represents the major banks will vote in December 2009 on whether or not to scrap the cheque as a method of payment; believes many people, particularly the elderly, would be inconvenienced as a result; calls upon the Government to remind the banks that they exist to serve customers and not the other way round; and urges the banks to reconsider their proposals to abolish the cheque.

2. Supporters of the campaign included the Federation of Small Businesses and Which?

Published and promoted by Chris Fox on behalf of the Liberal Democrats, both at 4 Cowley Street, London, SW1P 3NB.

Valerie Kirwan I Liberal Democrat Broadcast and Press Officer

Tel: 020 7227 1247 I Mob: 07517 214 449 I out of hours: 020 7340 4949 I 4 Cowley Street, Westminster, SW1P 3NB