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<p>The Government is taking active steps to help facilitate a comprehensive and durable solution to secure the future of the UK remittance market. In particular, we are in the process of establishing an Action Group on Cross Border Remittances. My written ministerial statement on 10 October 2013, Official Report, columns 29-30WS, outlined the timetable for establishing this group.</p><p>The Government steering group has met weekly throughout November to take this forward. Developing a market-led solution to solve the problems in the remittance market and re-build trust with the banks will take time. Officials continue to monitor the situation closely and maintain liaison with relevant stakeholders.</p> |