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Abolition of cheques to be reconsidered

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  • Abolition of cheques to be reconsidered

    http://www.guardian.co.uk/money/2011...yments-council

    Cheques could be reprieved as a result of a Treasury Select Committee inquiry into their abolition, following pressure from consumer groups and charities.
    The inquiry, chaired by Andrew Tyrie MP, will focus on how doing away with cheques will impact on millions of vulnerable individuals, small businesses, charities, clubs and hospices........
    CAVEAT LECTOR

    This is only my opinion - "Opinions are made to be changed --or how is truth to be got at?" (Byron)

    You and I do not see things as they are. We see things as we are.
    Cohen, Herb


    There is danger when a man throws his tongue into high gear before he
    gets his brain a-going.
    Phelps, C. C.


    "They couldn't hit an elephant at this distance!"
    The last words of John Sedgwick
    Tags: None

  • #2
    Re: Abolition of cheques to be reconsidered

    Tyrie said: "A decision of this size, which affects millions of people, businesses and charities, should not be imposed on us de facto. The Payments Council has not thought through its arguments carefully enough and its first piece of work on the cost-benefit of abolishing cheques was clearly defective.

    "We are demanding more rigorous anlaysis; the public deserve no less. I am asking the question: is it right that one institution can force through such a radical change in our behaviour?"

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