Mike Wood

Mike Wood

Conservative — Kingswinford and South Staffordshire

Speaking in the House of Commons on 20 May 2026

Debate

Banking Hubs

Contribution

I thank the hon. Gentleman for giving way and allowing me to give one further example that I hope the reviewers will consider. Lloyds will this month close the last existing bank in Kingswinford and South Staffordshire, leaving all of my constituents, whether urban or rural, without a proper bank. However, none of the villages are eligible for banking hubs because of the presence of building societies—sometimes part-time building societies —within the villages. Does he agree that while our building societies provide a fantastic service, they do not provide the range of services that my constituents, particularly those with small businesses, need that could be offered through a banking hub?

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