Business of the House

Anna McMorrin Excerpts

Thursday 22nd February 2018 Commons Chamber

[Anna McMorrin (Cardiff North) (Lab)]

NatWest bank is 73% publicly owned, and in my constituency, as in other communities across this country, it is closing many of its high street banking facilities. What responsibility do the Government accept for the damage caused to these local communities, and will they hold a debate on that issue and the justification for it?

[Andrea Leadsom]

I certainly agree with the hon. Lady that access to banking is absolutely vital. She will be aware that banks’ decisions on whether to close are commercial decisions made by them. There is an agreement with the banking sector that they will consult widely and ensure that closures take place only where volumes and footfall justify such a closure. She will also be aware that the Government have invested heavily in the post office network, and that post offices now provide basic banking services for about 98% of all personal and business customers. Those customers can carry out basic banking transactions within the post office network.