Phasing out of cheques reconsidered by MPs

The abolition of cheques will be re-examined by experts before proposals are set in motion. MPs will meet again to discuss phasing out cheques and introducing a viable alternative. Proposals to scrap cheques may be revised by a selection of MPs due to a rising disquiet amongst affected groups. The Treasury Committee will reopen its enquiry to address the concerns raised from pensioners and charities who still use cheques regularly - these parties have flooded the committee with letters voicing their opposition to the move. The UK Payments Council had previously announced that cheques may be phased out and completely abolished by 2018. However, it added that this will only become a real possibility when another alternative becomes available.