Richard Cannings on Questions on the Order Paper

With regard to the government’s commitment in the Fall Economic Statement 2022 to lower credit card transaction fees for small businesses: (a) when does the government intend to begin negotiations with payment card networks, financial institutions, acquirers, payment processors, and businesses; (b) with whom does the government plan to negotiate; (c) if known, on which dates will the negotiations in (b) occur; and (d) has the government set a deadline after which it will introduce amendments to the Payment Cards Network Act if an agreed upon solution is not arrived at, and, if so, what is the date?