Without intervention from the government and regulators, the UK risks "inadvertently becoming a cashless society", a Commons Treasury select committee report has warned.
According to the Financial Times, the report from MPs, which is published today (13 May), says the government and regulators should be ready to force banks to retain a physical network for the many vulnerable people who could otherwise be left with no access to face-to-face services. Treasury select committee chair Nicky Morgan (pictured), is quoted as saying financial inclusion of vulnerable customers "should be of the utmost priority for financial services providers, the government and financial regulators". "Large sections of society - especially older people and those on low incom...
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