EAST Dunbartonshire MP Jo Swinson has welcomed a decision by the banking industry not to scrap the cheque.
The use of cheques was due to be phased out by 2018, but the Payments Council has backed down due to widespread opposition.
As well as encouraging constituents to to sign a petition to keep the cheque, Ms Swinson had called on the government and the banks to recognise the cheque’s importance as an essential form of revenue and valued method of payment for many.
She said: “I am delighted that the Payments Council has thought again about scrapping the cheque. Many people across East Dunbartonshire, including small businesses, charities and elderly people would have taken a real blow from the removal of this crucial method of payment.
“Last year alone there were over one billion cheque transactions which shows just how widely used this form of payment still is. For many, the cheque is a reliable, safe and easy method of payment – and this announcement proves that banks cannot afford to ignore the needs of their customers.”