Ian Lavery

Ian Lavery

Labour — Blyth and Ashington

Speaking in the House of Commons on 26 February 2025

Debate

High Street Bank Closures

Contribution

That is absolutely reasonable, is it not? The decision by Link or the Financial Conduct Authority is basically transactional. It does not really look at the community factors—it looks at a lot of different factors, but those do not count as points toward the overall result or announcement that there will be the go-ahead for additional services. That must change. It must embrace everything that is happening; it cannot be because the banks are leaving, which they have been on pace because of the profit margins. We have to start looking after communities and vulnerable people—the frail, the elderly and the disabled—in places like that and we need to change the regulations.

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