Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, whether his Department has made a recent assessment of the potential impact of (a) high street bank and (b) Crown post office closures on the availability of monetary services in rural communities.

Government sets Post Office access criteria, ensuring that nationally, 99% of people live within three miles of their nearest branch, with further specific criteria for rural areas. These ensure that Post Office delivers essential services, including banking, within local reach of all citizens. Due to the Banking Framework, customers will be able to do their everyday banking at post offices across the UK until 2030. Government is working closely with banks to roll out 350 banking hubs, providing access to critical cash and banking services.

There are two Directly-Managed Branches (DMBs) located in rural areas. Post Office announced the transition to a fully franchised network. Post Office will ensure all communities currently served by a DMB will have at least one Mains branch within a 1-mile radius of the existing branch.