Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what steps she is taking to help ensure access to banking services in North Down constituency; and if she will make an assessment of the potential implications for her policies of the planned closure of the Halifax branch in Bangor, North Down.

The Government understands the importance of face-to-face banking to communities and high streets in North Down and across the UK, and is committed to championing sufficient access for all as a priority. This is why the Government is working closely with banks to roll out 350 banking hubs, which will provide individuals and businesses up and down the country with critical cash and banking services.

FCA guidance expects firms to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs and put in place alternatives where reasonable. This seeks to ensure that branch closures are implemented in a way that treats customers fairly.

Alternative options to access everyday banking services can be via telephone banking, through digital means such as mobile or online banking and via the Post Office. The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check their balance, pay bills and cash cheques at 11,500 Post Office branches across the UK.