The humble cheque has been given a reprieve and will now not be scrapped in 2018 as was planned by the Payments Council.
"All work to prepare for closing cheque clearing in 2018 has stopped," the Payments Council said.
It was announced earlier this year that cheques would be scrapped and replaced with an alternative payment system. The news was greeted by dismay from the public and politicians alike and it would seem that the Payments Council has had a change of heart saying cheques will be kept “as long as customers need them”.
The U turn has been put down to the ...