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New Law to protect the access to cash?





Consumers and businesses will have a legal right to withdraw and deposit cash within "a reasonable distance" of their home or premises, under new government plans.

This is good news for those who have noticed the number of local bank branches that have shut down in their areas.

The proposals have been welcomed by campaigners who have voiced their fears that limited cash access hurts those who need it most- it's estimated that eight million people still rely on cash.

The plan is to make sure that notes and coins remain within 1 kilometre of all businesses and homes but a consultation will take place first and finalised in September.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.










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