Future of the UK’s wholesale cash distribution model - Consultation Paper
The Wholesale Distribution Steering Group (WDSG) has published this consultation paper (CP) in order to seek views on a model, supported by independent industry analysis, for the future of the wholesale cash distribution supply chain.
The objective of the WDSG is for any future model to be effective, resilient and sustainable in order to support continued access to cash. This is an important step to enable the public to continue using the notes and coins they want to, even as cash usage declines.
In particular, the WDSG intends this CP to allow the wider cash industry to input feedback on any additional factors that should be taken into account in making the decision to move to this model, or its subsequent design. The responses received will ensure that future phases of work take into account the widest possible views on the potential impact of such a move.
Responses and next steps
The consultation closes on 24 August 2020.
The Bank invites feedback on the proposals set out in this consultation. Please address any comments or enquiries to WDSG@bankofengland.co.uk.