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Disappointing Queen’s Speech fails those in desperate need now

(31 Posts)
OakDryad Wed 11-May-22 08:32:19

There are a lot of proposed bills to comment on but one positive to mention is Access to Cash. Here's the text:

In the 2020 Budget, the Government announced it would legislate “to protect access to cash and ensure that the UK’s cash infrastructure is sustainable in the long-term.
The Treasury published a consultation document on access to cash on 1 July 2021, setting out its proposals. 
The consultation proposed ensuring there would be “reasonable access” for withdrawal and deposit facilities for personal customers, and deposit facilities for small business customers. It would set and amend geographic access requirements to achieve this. These might, for instance, set targets to

ensure that a certain percentage of the population was within a specified distance of a service point.

The Government proposed giving HM Treasury powers to designate certain firms on which cash access requirements could be imposed. This would initially cover large retail banking providers like banks and building societies.

The Financial Conduct Authority would be given “overarching regulatory oversight of the retail cash system and so would monitor and enforce powers on designated firms. This would formalise and strengthen its oversight of proposals for closing bank branches and ATMs.

Further background is available in the Library briefing The future of local banking services and access to cash.

It’s most likely that any such legislation would be part of a wider Financial Services Bill, as discussed above.

This struck me in the context of this letter in yesterday's paper:

www.theguardian.com/society/2022/may/10/no-help-no-care-no-support-and-now-no-bank

While the writer doesn't mention specifically that the friend she was helping needed the bank for a cash transaction, I know that a transition to a cashless society is of concern for many.

winterwhite Wed 11-May-22 08:28:16

I agree it does nothing for generation Ageing, but didn’t expect it to.
To pick up on banks:

They are forcing customers online with very little support for people who find it a worry and a hassle. All this is esp the case for the increasing numbers of people who don’t live near an open branch.

The new authenticating systems re online purchases has been introduced too quickly and with insufficient staff training.

People need to be able to telephone if something goes wrong or to make appointments to discuss their affairs.

Now that there are fewer high street banks more cashiers are needed at the counter during opening hours.

If not, more and more of us will be keeping rolled up bank notes in socks under our beds.

Parsley3 Wed 11-May-22 08:18:37

I will need to read it. I realise that I have been distracted from its contents by the hoohah surrounding the queen.

Galaxy Wed 11-May-22 07:47:59

I have concerns about the online harm bill, I have concerns about the owners of facebook Twitter etc controlling speech it doesnt feel much better when Nadine Dorres is put in charge of that issue.

DaisyAnne Wed 11-May-22 07:41:51

Bumping this as I would like to hear thoughts on the content of the Queen's speech.

DaisyAnne Tue 10-May-22 21:18:22

I thought we needed to move on from discussing the Queen to discussing the Politics of the speech. This is from a press release. The Verdict from the National Pensioners Convention which I thought would be relevant to many if not most of us.

Comment by Jan Shortt, General Secretary, National Pensioners’ Convention

In the middle of one of the worst cost-of-living crises in living memory the government had a real chance to step up and help those most affected – our oldest and poorest. But today they failed, showing little compassion for the immediate struggles of vulnerable people.

The National Pensioners’ Convention had hoped the Queen’s Speech at the State Opening of Parliament today (Tuesday, 10th May) would contain measures to provide real, and urgent financial assistance to those overwhelmed by inflationary prices, and a more than doubling of energy bills.

Instead, they outlined legislation promising longer term changes, which frankly will not help those having to choose between buying food or paying their rent or energy bills right now.

People on low and fixed incomes pay a much higher proportion of their income on essentials – there is no way they can find the extra money when costs rise so rapidly.

Spiralling energy costs, rocketing inflation and a succession of government policies which have lowered the real value of pensions and benefits, mean millions more face poverty in the coming months. It is a disaster that is only set to get worse as we approach autumn and another round of energy hikes.

But it is not just government’s lack of provision for the cost-of-living crisis. The NPC has concerns about what they have promised – they are outlined below:

*Order – we are concerned that this will prevent democratic protest by older people in circumstances where government policy undermines the dignity and respect for pensioners. It also must take account of the Bill of Rights.

*Conversion therapy – we disagree with the fact that the ban does not cover transgender and our LGBT working party will be asking for the government to meet with us to listen to our members concerns.

*Energy Security Bill – long term on sustainable energy – been ongoing for years with no progress. What about the poverty and deprivation now?

*Mental Health Bill – not before time but we need to digest whether it will address the amount of funding needed to make it work.

*Bill of Rights – we will monitor. The rights of older people have been seriously eroded in recent years and we will be looking for this to be tackled in any new legislation,

*Financial Services Bill – at last, legislation to give access to cash. However, there is still the issue of banks already closed on high streets. We need to know how the government will support communities where there are no banks and very little transport to get to the nearest one.

*Renters Bill – again long overdue, as an increasing number of older people are among those having to rent in the private sector. Along with the Social Housing Regulation Bill, we would hope to see much needed decent homes standards applied across the board.

*On-Line Harms Bill – needs to put more emphasis on the responsibilities of platform providers who make profit from their services; compensation for those scammed direct from platform providers and more funding to deal with scammers.

I'm neither endorsing this nor disagreeing. I thought it was a good structure for discussion.

You can find the original here