Local MP welcomes decision to save the cheque

July 15, 2011 4:32 PM

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

MP for Carshalton and Wallington Tom Brake welcomed the decision, saying: "This week's announcement means that those who rely on cheque payments can now be sure of their future.

"For small businesses and sole traders, cheques are a crucial form of payment, and many were concerned that their removal would drive up their costs. For customers, especially the elderly, cheques are reliable, safe and uncomplicated."

Tom has long campaigned to save the cheque. In February this year he called on banks to reconsider their decision to scrap the system, after backing a Parliamentary motion to that effect the month before.

He continued: "Last year alone there were over one billion cheque transactions, showing just how widely used this system of payment is. It really is great news that UK Payments Council has decided against scrapping them."

Lib Dem MP Mark Hunter, who originally launched the 'Save the Cheque' campaign in 2009, added: "This is a great victory for common sense, and proves that banks cannot afford to ignore the views of their customers.

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

If you would like more information about the future of the cheque system, you can contact the UK Payments Council directly. Contact details can be found on their website at www.paymentscouncil.org.uk.

What would you like to do next?