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Eighteenth Report of Session 2010–12

Future of cheques (Treasury Select Committee) A report by a committee of MPs welcomed the ‘belated' decision of the Payments Council to retain cheques: but it warned the Council of the need to ensure that the banks did not attempt to abandon cheques by stealth, or deter customers from using cheques. It recommended that the Payments Council should be brought formally within the system of financial regulation.
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