National News

Council urged to back cheque campaign

The leader of Hinckley and Bosworth Borough Council, Cllr Stuart Bray, has thrown his support behind a campaign to save cheques. The Payment Council, a group made up from 28 of the big banks and financial companies have decided to phase out the cheque by 2018. Cllr Bray has submitted a motion to the next meeting of the Council urging it to back a campaign to keep cheques. Cllr Bray said "Scrapping cheques without an adequate alternative will hurt many charities and community groups, small businesses and some of the most vulnerable people in the country. "It's time the banks listened to people and let people have the choice to keep using cheques. I hope the whole council will back the campaign." Hinckley and Bosworth Liberal Democrat councillors are also running a petition to save cheques, this can be signed at http://campaigns.libdems.org.uk/savethechequebook The wording of the motion is as follows a) high street banks are planning to stop accepting cheques despite protest from consumer groups and businesses;

20 Jan 2011
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Save Our Cheque

Cheques have been in use for over 300 years in the UK and in 2009 they were used to transfer £1.9 trillion. Across the country 1/3 of all people still regularly use cheques and 75% use the cheque facility with their bank accounts. In December 2009 the Payments Council - representing the major high street banks - set a target date of 2018 for the closure of central cheque clearing. Apparently the banks stand to gain £200 million a year by phasing out cheques. But I understand that cheques are a bit of a pain to bank staff; but most jobs have a task that people don't particularly enjoy doing but they just have to get on with it. As they are still a popular way of making a payment I would hate to think that one of the reasons for their abolition was just because bank staff finds them an inconvenience.

AL
19 Jan 2011
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