U.K. to Scrap 'Rip-Off' Card Charges to Ease Pressure on Incomes
- Fees for using credit and debit cards to end in January
- Card surcharges cost almost 500 million pounds, Treasury says
Wallet with credit cards
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Theresa May’s government is making its latest bid for the people she calls “just about managing” with a pledge to ban charges for paying by card.
Extra charges for making purchases with a credit or debit card will end in January, the Treasury said in a statement. Such fees cost an estimated 473 million pounds ($616 million) in 2010.