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Closure Of Free To Use Atms

EDM number 1431 in 2017-19, proposed by Gerard Killen on 20/06/2018.
Categorised under the topics of Financial institutions and Financial services.

That this House notes that LINK, the manager of the UK's free-to-use ATM network, proposes to cut the interchange rate fee the method by which ATMs are funded, by 20 per cent over the next four years; further notes that the first five per cent cut is to be implemented on 1 July 2018; stresses that the cut to ATM funding poses a serious threat to the integrity of the UK's free-to-use ATM network; notes that ATM suppliers and consumer representation bodies are concerned about the risk of financial exclusion, particularly in deprived and rural areas; highlights that the Payment Systems Regulator (PSR) has said that it will intervene if the UK's free-to-use network is threatened; notes that, when it appeared before the Scottish Parliament's Economy Jobs and Fair Work Committee, LINK acknowledged the first five per cent cut could result in the closure of 10 per cent of ATMs in Scotland, significantly higher than initial estimates; notes that if these closures are replicated UK wide as many as 40 per cent of the free-to-use network could close; highlights that in a number of studies, despite a move to a cashless society, access to free cash remains vital for many communities and that the closures are beyond the pace of change in consumer activities; calls on LINK to halt its cuts to the funding for ATMs; and further calls on the PSR to conduct a full market review of the ATM network to establish demand.

This motion has been signed by a total of 41 MPs.

MPDateConstituencyPartyType
20/06/2018Rutherglen and Hamilton WestLabour/Co-operativeProposed
Peter Bottomley21/06/2018Worthing WestConservativeSeconded
Jim Shannon21/06/2018StrangfordDUPSeconded
Tim Farron21/06/2018Westmorland and LonsdaleLiberal DemocratSeconded
25/06/2018Ayr, Carrick and CumnockConservativeSeconded
Chris Stephens25/06/2018Glasgow South WestScottish National PartySeconded
Lady Hermon25/06/2018North DownIndependentSigned
Catherine West26/06/2018Hornsey and Wood GreenLabourSigned
26/06/2018IpswichLabourSigned
Jim Cunningham26/06/2018Coventry SouthLabourSigned
26/06/2018Caithness, Sutherland and Easter RossLiberal DemocratSigned
Liz Saville Roberts26/06/2018Dwyfor MeirionnyddPlaid CymruSigned
Phil Wilson26/06/2018SedgefieldLabourSigned
26/06/2018Coatbridge, Chryston and BellshillLabourSigned
Ruth Smeeth26/06/2018Stoke-on-Trent NorthLabourSigned
26/06/2018Leeds North WestLabour/Co-operativeSigned
Ruth George27/06/2018Signed
Edward Davey27/06/2018Kingston and SurbitonLiberal DemocratSigned
Ronnie Campbell27/06/2018Blyth ValleyLabourSigned
John McNally27/06/2018FalkirkScottish National PartySigned
27/06/2018BathLiberal DemocratSigned
Stephen Kinnock27/06/2018AberavonLabourSigned
Kelvin Hopkins28/06/2018Luton NorthLabourSigned
Jess Phillips28/06/2018Birmingham, YardleyLabourSigned
Paul Farrelly28/06/2018Newcastle-under-LymeLabourSigned
02/07/2018Brighton, KemptownLabour/Co-operativeSigned
Sammy Wilson02/07/2018East AntrimDUPSigned
Clive Betts02/07/2018Sheffield South EastLabourSigned
Virendra Sharma02/07/2018Ealing, SouthallLabourSigned
03/07/2018CeredigionPlaid CymruSigned
Grahame Morris03/07/2018EasingtonLabourSigned
Frank Field03/07/2018BirkenheadLabourSigned
03/07/2018Stoke-on-Trent CentralLabourSigned
Catherine McKinnell04/07/2018Newcastle upon Tyne NorthLabourSigned
Hywel Williams05/07/2018ArfonPlaid CymruSigned
David Hanson05/07/2018DelynLabourSigned
Jo Stevens06/07/2018Cardiff CentralLabourSigned
09/07/2018Oxford West and AbingdonLiberal DemocratSigned
Martyn Day09/07/2018Linlithgow and East FalkirkScottish National PartySigned
16/07/2018Sheffield, HallamLabourSigned
Drew Hendry17/07/2018Inverness, Nairn, Badenoch and StrathspeyScottish National PartySigned

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