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

I do agree with that. These problems are happening across communities, regardless of whether we are red, blue, green or yellow—it is happening on every high street. Many of them have lost their banks—they are gone—and it cannot be allowed to continue. Under the Financial Services and Markets Act 2023, the FCA can require banks to consult interested parties to consider the effects of closures and can ask the private sector cash machine operator Link to assess the consequences of closures and to recommend where alternatives such as shared banking hub facilities should be created to fill the gaps.

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