Business of the House

Debate between Madeleine Moon and Paul Maynard

Thursday 11th January 2018 Commons Chamber

[Paul Maynard]

I recognise the fact that my hon. Friend has a long-running concern over these issues, and I urge him to apply for either an Adjournment debate or a Westminster Hall debate so that he can give them a proper airing and get the ministerial response to which I believe he is genuinely entitled.

[Mrs Madeleine Moon (Bridgend) (Lab)]

The NatWest bank is 73% publicly owned, yet it is closing its branch in Porthcawl where millions roll in from the businesses across the town and the large number of retirees who live there. Is it not time for the largely publicly owned banks that were bailed out by the public to sign a social responsibility clause before being allowed to continue, so that they cannot close without the permission of the community they serve?

[Paul Maynard]

I recognise the fact that the hon. Lady’s concerns over banking in the community are widely shared on both sides of the House. At a time when banking practices, and the ways in which consumers engage with their banks, are changing, this remains a concern. She will know that she will have a chance to take part in a debate on the role of banking in the community at 3 pm today in Westminster Hall, and I am sure that she will make her voice heard there.