Anna Sabine

Anna Sabine

Liberal Democrat — Frome and East Somerset

Speaking in the House of Commons on 11 December 2024

Debate

Financial Inclusion: Rural Areas

Contribution

That sounds very frustrating; I am sorry to hear it. I will talk about the importance of face-to-face contact in banking. Shutting branches and opening banking hubs is currently financially efficient for banks, but there is a real risk that those banking hubs could close after a few years once the banks stop saving money and see the hubs as a drain on their profits instead of a benefit. We need reassurance about the long-term provision of banking hubs and a requirement on banks to keep funding them on an ongoing basis.

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