Bank closure figures show firms need to invest in shared service hubs

Commenting on new figures from Which? which claim that Scotland has lost over a third of its bank branches in the past eight years, Scottish Affairs spokesperson Jamie Stone MP said:

“These losses are happening at the same time that communities continue to see ATM and Post Office closures.  While digital payments are rising cash is still a necessity for more than 25 million people across the UK.

“Cash is also a backup for everyone when online systems fail or when, as in many parts of the Far North, the broadband is not good enough to support card payments.

“That is why Scottish Liberal Democrats will continue to push the big banks to invest in shared service hubs so that no community is left without access to cash and banking services."

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