Clydesdale Bank and SMEs
Debate between Jamie Stone and John Glen(5 years, 9 months ago)
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John Glen
I thank the hon. Gentleman for his question, and I have responded to I think nine debates in this Chamber and in Westminster Hall on this matter. I am very aware of the pitch and the breadth of concern that exists on this matter and the urgency in getting some outcomes that actually deliver for our constituents, and I will continue to work towards that aim.
Jamie Stone (Caithness, Sutherland and Easter Ross) (LD)
I think the hon. Member for City of Chester (Christian Matheson) hit the nail on the head. Let me give the House an example. A couple of years ago, when the Clydesdale proposed to shut its branch in my home town of Tain, I had a meeting with it and representatives of a highly successful local fish-processing business, and the Clydesdale was at pains to say, “Yes, we’re going to shut the branch, but you can use the post office locally.” Well, a fat lot of good that was, because the post office was too small, and I have raised that several times in this House. Now, in the next few days, that post office is going to close, and we will have no Clydesdale branch and no Royal Bank of Scotland branch in my home town. What good is that to SMEs? It is useless for business. I back the hon. Gentleman all the way: the time has come for a full inquiry into these banks, which, in my opinion, are completely out of control.
John Glen
As has been discussed in numerous debates, the changing face of the high street bank causes considerable concern for our constituents. We have a protocol in place on the relationship with the Post Office and, from memory, I think something like 97% of people in this country live within three miles of and have access to a post office. I think the hon. Gentleman needs—
John Glen
The hon. Gentleman needs to reflect on the fact that there will not be a one-size-fits-all approach across the whole of the United Kingdom, and the banks are willing to look at individual solutions in different circumstances. I would be very happy to meet him to discuss that further.
Oral Answers to Questions
Debate between Jamie Stone and John Glen(6 years ago)
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John Glen
I have always said that the banks need to do more to restore their relationship with SMEs, and I welcome the scheme that UK Finance has announced to address unresolved historical complaints. I look forward to meeting my hon. Friend next week, with the Chancellor, to discuss the Government’s position.
Jamie Stone (Caithness, Sutherland and Easter Ross) (LD)
The Inverness and Highlands city region deal was agreed a little while ago, and that is very good news. A whole shedload of money has been spent on Inverness—well done, Inverness!—but precious little has been spent on the outlying areas, including Wick and Thurso. That is surely not in the spirit of the deal. Should there not be an audit of this kind of deal in future?
Oral Answers to Questions
Debate between Jamie Stone and John Glen(6 years, 7 months ago)
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Jamie Stone (Caithness, Sutherland and Easter Ross) (LD)
John Glen
It is a matter for banks to make commercial decisions on the basis of their assessments, and there are rules on how they inform the affected constituents. I am, though, very concerned about the situation in rural and sparsely populated areas. I shall visit Scotland over the summer recess to address some of the issues that the hon. Gentleman has raised.