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Enterprise minister 'recognises access to cash is important'

Picture credit: Manx Radio

Case for measures to meet unmet need being kept under preview

The enterprise minister says he recognises access to cash is important for some Manx residents, particularly older and vulnerable people.

Robert Cowell confirmed his department is keeping the case for measures to ensure cash access in areas where there is evidence of unmet need under review.

It comes following a Tynwald written question from Glenfaba and Peel MHK Katryna Baptist.

In a post on social media, Mrs Baptist said she believes there should be work on regulations requiring access to cash facilities, similar to those already in place in the UK.

Minister Cowell says his department supports reasonable access to cash and banking services across the Island, and that it monitors the Island's cash point network and engages with banks where gaps in provision emerge.

A report commissioned by the DfE in 2021 found overall access to cash on the Island was broadly sufficient, but also recognised the importance of maintain provision for rural communities and vulnerable users.

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