House of Common committee opposes scrapping cheques

We've reported previously (here and here) about the big banks' intention to get rid of paper cheques.

The Treasury Select Committee has said that plans to phase out cheques should be put on hold because they are still vital for vulnerable people. They have been inundated by letters from members of the public saying that they rely on cheques, so they are reopening an inquiry initially launched last year.

More detail from Yahoo! Finance here.