Rejected petition Protect and keep Cash in circulation in the UK in perpetuity.

We call on Parliament to pass an Act prior to any launch of a digital pound or CBC. It is vital for the UK to always have an alternative to digital currency and safeguards should be put in place to ensure our banking system is cash based in perpetuity. Access to cash via banks/ATM's is essential.

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Legislation should aim to reflect recent similiar legislation introduced in Switzerland, Hungary and Slovakia with aims to enshrine the availability of cash and the British pound as UK currency in the Constitution. We want to oblige the federal government to ensure that a sufficient quantity of coins and banknotes is always in circulation. Furthermore,replacing the British pound with another currency should only be possible with the consent of the people,full voters input and not via party whips

This petition was rejected

Why was this petition rejected?

We can't publish petitions when the request is something that's already happening or something that has been announced since you started your petition.

We think your petition is covered by Government or Parliament action already. If you'd like something else, you could start a new petition clearly explaining what it is.

The Financial Services and Markets Act 2023 protects free access to cash in law. You could submit a new petition with a more specific request to change existing arrangements with respect to access to cash.

You can find out more here:

https://www.fca.org.uk/news/press-releases/new-fca-rules-protect-access-cash-already-having-impact

https://commonslibrary.parliament.uk/research-briefings/cbp-9453/

We only reject petitions that don’t meet the petition standards.