Banking Hubs

Jim Shannon Excerpts

Wednesday 20th May 2026 Commons Chamber

[Graham Leadbitter (Moray West, Nairn and Strathspey) (SNP)]

It is pleasing to see a significant number of Members in the Chamber to be part of this Adjournment debate, by hearing it and perhaps by participating. I am aware of about 15 hon. Members who have asked to intervene on me, which is a high number for an Adjournment debate. There may be more whom I am unaware of. The Minister has kindly indicated that she is also happy to take interventions, so if hon. Members feel like spreading the love when they think I have had enough, that would be much appreciated.

[Jim Shannon (Strangford) (DUP)]

On that point—[Laughter.] First, may I commend the hon. Member for Moray West, Nairn and Strathspey (Graham Leadbitter) for bringing this matter forward? I spoke to him beforehand, and I thought it was important to put this point on the record. I have had 11 banks close in my constituency, and seeing the decline of banks in rural areas has been excessively worrying and frustrating. Although every bank that has pulled out of the peninsula in Ards has promised working hubs, the reality is that a member of staff in a room without even the facility to print off a bank statement for a client is not acceptable. Does the hon. Member not agree that a hub must have banking facilities, as well as a post office, and that we must make sure that there is not just a member of staff for two hours a day or a week?

[Graham Leadbitter]

I absolutely agree with that. It is important that, where there are hubs, they are open for a reasonable period of time and are accessible at different points of the day to different people with different needs.

The important subject of banking hub criteria has been raised many times in this place and in Westminster Hall, and it is an issue I have campaigned on since I was elected and during my time as a councillor and a council leader. In 2015, Moray West, Nairn and Strathspey had 22 bank branches. Just 11 years later, the number has dropped to just six in the latest data from January this year; that is a 77% reduction. That is six banks for almost 100,000 people living in the fifth largest constituency by geographical area in the UK—a constituency that it takes about two and half hours to drive from end to end.

The following bank branches alone have closed since 2020: in Forres, the Bank of Scotland and TSB closed their branches in 2022; in Badenoch and Strathspey, the Bank of Scotland closed its branch in Aviemore in 2024; and in Grantown-on-Spey, the Bank of Scotland and the TSB closed their branches in 2020 and 2021; while in Nairn, the TSB closed its branch in 2021, and most recently, the town lost its last bank. Link, the organisation that monitors bank closures and which is tasked with determining where new shared services should be, reports the total number of bank closures across the UK as 2,237 since 2022. For the same period, 276 banking hubs have been recommended by Link.

In this modern age, when there is digital banking on websites and through apps and when, frankly, fewer and fewer people are using physical bank branches, it is not a surprise to see those closures. However, it is how we respond that is important. There remain many vulnerable people and, indeed, certain types of businesses that rely heavily on cash banking and we cannot allow the rug to be pulled out from under them.