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MP’s crusade to save the cheque

SOLIHULL MP Lorely Burt is spearheading a campaign to save the cheque.

SOLIHULL MP Lorely Burt is spearheading a campaign to save the cheque.

Banks are keen to do away with the payment method seeing it as inefficient and not cost effective and have set October 31 2018 as the date to pull the plug on the chequebook.

However, the Liberal Democrat MP has slammed their plans saying small businesses, ordinary people and particularly charities would be hit by the move.

“It’s time someone spoke up for the little person in this country,” she said. “Just because it’s inconvenient for banks to administer cheques shouldn’t be a reason for getting rid of them.

“Their action would mean people would have little alternative but to keep large sums of money in the home, it would force businesses to pay an extra two to four per cent on transactions through having a card reader, and it would hit charities really hard, charities that rely on payments by cheque.”

The MP fears the cheque guarantee card could be first to go - as early as next year - with the chequebook following some years later.

“The banks should ponder on the fact that they have a corporate responsibility to the little person and not be continually thinking of themselves.”

 

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