House of Commons – June 5, 2025 – c.545.1.2
Bank Closures and Banking Hubs
Result
✅ Motion approved without vote.
Parliamentary analysis
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Motion
Motion type: Other(?)
I beg to move, That this House recognises the importance of banking facilities to local communities and expresses concern over the precipitous decline over the past 40 years;
notes the change to banking habits through online services;
further recognises that, for vulnerable people, face-to-face banking is a vital service and a reduction of branches risks significant financial exclusion;
further notes the impact of a loss of physical banking on small businesses through lost productivity and lost footfall;
also notes the innovative nature of banking hubs as a solution to a loss of high street banking, but recognises that Financial Conduct Authority rules for their recommendation are too inflexible;
and calls on the Government to instigate a review into the impact on communities of bank branch loss and a change to the regulations to ensure communities have appropriate access to banking facilities.
Annotations
No annotations for this decision.