Cheques could still have a future

The humble chequebook could have a future after all. If a viable alternative could be found, the UK Payments Council had planned to phase out cheques by 2018. However a government minister has now made an intervention which could see the plans change. Writing to the Treasury Committee hearing into the future of cheques Mark Hoban, Financial Secretary to the Treasury, stated that there until an alternative had been fully tested there was no “credible or coherent case” for the abolition of cheques. Committee The Treasury Committee had considered the proposed abolishment of cheques some time ago, but after negative feedback to the idea ...