Commenting on Bank Branch Closures

I spoke in Parliament yesterday on the issue of bank branch closures.

in 1998 there were more than 11,000 bank branches in the UK. But due to rapid rates of closure – including over 1,000 in the last two years – there are now just over 6,000 local bank branches in the UK.

Though banking practices have changes with people moving to online systems, many businesses and often elderly individuals still depend on the face-to-face services only local branches can provide.

Closures, such as that of Natwest in Hoyland, risk financially excluding and isolating communities and people.

It’s so important decisions on local bank branches are taken with the interests of local communities in mind.

 

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