11 FEBRUARY 2010: FOR IMMEDIATE RELEASE
TREASURY COMMITTEE LAUNCHES INQUIRY
THE END OF CHEQUES?
In December 2009 the Board of the UK Payments Council announced that cheques will be phased out by October 2018, but only if alternatives are developed. The Council stated that it had decided to set the date for proposed abolition so far in advance in a bid to encourage the advance of other forms of payment. Evidence is sought on:
trends over time in the use of cheques as a payment mechanism, including estimates of likely usage over the next five to ten years;
the advantages and disadvantages of abolition, including the impact of abolition on particular groups in society; and
the development of alternative payment mechanisms.
The deadline for submissions is 12 noon on Monday 1 March 2010. The Committee intends to hold oral evidence sessions later that month, but in the event that we are unable to hold these sessions, the evidence will be available for consideration by the Treasury Committee in the next Parliament.
NOTES ON SUBMISSION OF WRITTEN EVIDENCE
Written evidence should be in Word or rich text format-not PDF format-and sent by e-mail to
[email protected]. The body of the e-mail must include a contact name, telephone number and postal address. The e-mail should also make clear who the submission is from. The deadline is 12 noon on Monday 1 March 2010. Submissions should be no longer than 3000 words. Submissions should be in the format of a self-contained memorandum. Paragraphs should be numbered for ease of reference, and the document must include an executive summary. Further guidance on the submission of evidence can be found at www.parliament.uk/parliamentary_committees/witness.cfm.
Submissions should be original work, not previously published or circulated elsewhere. Once submitted, your submission becomes the property of the Committee and no public use should be made of it unless you have first obtained permission from the Clerk of the Committee. Please bear in mind that Committees are not able to investigate individual cases.
The Committee normally, though not always, chooses to publish the written evidence it receives, either by printing the evidence, publishing it on the internet or by making it publicly available through the Parliamentary Archives. If there is any information you believe to be sensitive you should highlight it and explain what harm you believe would result from its disclosure; the Committee will take this into account in deciding whether to publish or further disclose the evidence.
For data protection purposes, it would be helpful if individuals wishing to submit written evidence send their contact details in a covering letter. You should be aware that there may be circumstances in which the House of Commons will be required to communicate information to third parties on request, in order to comply with its obligations under the Freedom of Information Act 2000.