The The bill would “ensure the continued availability of cash withdrawals and deposits in the UK, ensuring that these facilities are sustainable in the long run”.
In a statement, the British Treasury said it was “the main means of payment to millions of people across the country, especially vulnerable groups”.
On the other hand, the new law will allow the payment system regulator to require banks to repay fraudulent losses.
“We have left the European Union and now we are reforming financial services to ensure that they work for the benefit of communities and citizens, to create jobs, to support businesses and to drive growth across the UK,” he said. Document, Secretary of State for the Treasury, John Glenn.
Also read: Car crashes into Boris Johnson’s 1.5 million home in London
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Henry Blackwell is a contributor at Mediarunsearch.co.uk, covering a wide range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. He focuses on delivering clear, balanced reporting and useful information that helps readers stay informed about current events and emerging developments. His work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism.