Owen Thompson
Main Page: Owen Thompson (Scottish National Party - Midlothian)Department Debates - View all Owen Thompson's debates with the Leader of the House
(4 years, 9 months ago)
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Mr Rees-Mogg
My hard-working civil servants have heard what the hon. Gentleman has said, and I will make sure that that is followed up with the Department for Education immediately after this statement.
Owen Thompson (Midlothian) (SNP)
Bank of Scotland recently announced a series of branch closures around Scotland, including in Loanhead in my constituency. Midlothian is often referred to as one of the fastest growing communities in Scotland, yet it is now left without a branch of that bank, which was the final one. Despite meeting Bank of Scotland immediately after that announcement, I have had no further answers to my questions. May we have a debate in Government time on what we can do to consider the impact on a community when the final branch of a bank is closed?
Mr Rees-Mogg
This issue is raised regularly in these sessions, and I have arranged meetings with the relevant Minister. It is important to recognise that these are commercial decisions, and the Government cannot intervene in them individually. Banks must balance customer interests, market competition, and other commercial interests when taking their decisions. Since May 2017, high street banks have signed up to the Access to Banking Standard, which commits them to working with customers and communities to minimise the impact of branch closures. If that is not happening, the Government will have to look at that very carefully.