Ian Lavery

Ian Lavery

Labour — Blyth and Ashington

Speaking in the House of Commons on 5 June 2025

Debate

Bank Closures and Banking Hubs

Contribution

That is massively important. People are told that they can rely on post offices to replace the banks. The vast majority of post offices in our communities are now run by a single person and are not making a profit. They can easily just withdraw the services—it does happen, and it has happened lots of times in my career—leaving the communities without anything whatsoever. That is a really important point, which I will probably touch on later. In my experience of dealing with branch closures in my constituency, the FCA’s powers to force the banking industry to rectify the consequential difficulties are totally and utterly inadequate.

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