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Take the Which? Cash Friendly Pledge

13 May 2021

The Which? Cash Friendly Pledge is a public commitment to show customers that your stores accept cash payments

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Single-Use Plastic Carrier Bag Charge Increase

13 May 2021

From 21st May in England, the minimum charge for plastic bags will increase from 5p to 10p per bag, and will be applicable to all businesses regardless of size.

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ACT and ActSmart to meet with business minister Paul Scully to discuss high street initiatives

13 May 2021

On Wednesday 19th May the ACT, along with other key members of the IRC, will be partaking in a meeting with government officials in regard to the wellbeing of the high street
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Register now for APPGCW virtual meeting to discuss how to make active travel safer

12 May 2021

The All Party Parliamentary Group for Cycling & Walking (APPGCW) virtual meeting takes place on the 14th of May with the subject ''How to make active travel safer - improving safety audits and... Read more…

Best Small Shops nominee Pennine Cycles once again commended with award

7 May 2021

Pennine Cycles, shortlisted last year for two awards in the Best Small Shops competition, have now been nominated in the BikeBiz Awards

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Government Supports Amendment to Introduce Cashback Without Purchase

5 May 2021

The Government has agreed an amendment to the Financial Services Bill which will enable shops to offer cashback to customers without making a purchase.
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Free Whitepaper: How the retail sector can survive and thrive post-pandemic

29 Apr 2021

Armed with research data from Maybe*, a panel of retail industry expertshave collaborated to create this whitepaper with one goal - to help businesses thrive in this new era of uncertainty.... Read more…

Bank of England provide free training materials for checking bank notes

28 Apr 2021

The Bank of England has released free training materials for retailers with the aim of refreshing awareness of how to check banknotes.
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Single Use Carrier Bag Charge changes in England no longer coming into force as expected

27 Apr 2021

Defra has just confirmed that the amendments to the Single Use Carrier Bags Charges (England) Order 2015 will not be coming into force on 30th April 2021 as... Read more…

Welsh Election Party Manifesto Briefings

26 Apr 2021

A summary of what each party's manifesto will mean for small shops ahead of the Welsh Parliamentary elections on 6th May.
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Government Supports Amendment to Introduce Cashback Without Purchase

Posted on in Business News, Cycles News

TheTill Government has agreed an amendment to the Financial Services Bill which will enable shops to offer cashback to customers without making a purchase.

IRC member ACS (the Association of Convenience Stores) reported the amendment to the House of Lords Financial Services Bill, tabled by Conservative Peer Lord Holmes of Richmond, will remove an existing requirement for retailers to register with the Financial Conduct Authority to offer cashback without an in-store purchase within the same transaction.

In its written submission to a HM Treasury call for evidence on the future of the UK's cash system, ACS called for the Government to ensure that retailers are not obligated to offer this service and those who do must be guaranteed fair remuneration.

ACS chief executive James Lowman said: "Over two thirds of retailers offer cash back to customers, so we welcome the extension of retailers offer cashback without having to purchase products.

"A number of useful trials on extending the use of cashback without purchase are underway, and there is still much more we need to learn about how this can be offered securely and viably for retailers. We shouldn't view cashback without purchase as a full replacement for a properly functioning and funded ATM network."

Supplying cashback without purchase will not be mandatory for any retailers. The change will come into force two months after Royal Assent of the Bill, which is expected shortly.

Lord True, speaking on behalf of the Government in the Lords said: "Industry will have discretion to make the service available across the United Kingdom. Where the service is offered, customers will be able to walk into a local business that wishes to participate, such as a corner shop, café or pub, and withdraw cash without having to make an accompanying purchase."

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