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Future of Cheques


In summer 2011 the Treasury Committee reopened its inquiry on the future of cheques in light of public concern about possible moves to phase out this method of payment by 2018. On 15 June 2011 the Committee took evidence from the Payments Council. Subsequently, on 12 July 2011, the Payments Council withdrew its plans for the abolition of cheques and undertook to maintain the cheque system indefinitely.

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