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.
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