The UK Payments Council yesterday announced that they are to reverse their decision to scrap cheques by 2018 and continue their use for as long as customers need them.
The MP for Cheadle, Mark Hunter, who originally launched the 'Save the Cheque' campaign through an Early Day Motion in Parliament in November 2009 said; "This is a great victory for people power and common sense, and proves the banks cannot afford to ignore the views of their customers. "After years campaigning alongside small businesses, charities and voluntary groups, who will welcome this with open arms, I am absolutely delighted by this news.
Commenting further, Baroness Scott of Needham Market also welcomed the news, noting that there are hundreds of small businesses who were concerned that the removal of cheques would drive up their costs and end up putting them out of business.
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