David Chadwick

My hon. Friend is quite right. Many of my constituents certainly would not say that Lloyds is by their side. That is why it comes down to the Government. They have to show that they are on the side of our constituents, not just of the big banks. Ultimately, this is a question of political choice. The Government can choose to stand up for rural communities and those reliant on in-person banking—which is all of us—or they can continue to allow this managed decline. Right now, the choices being made are the wrong ones. Labour has chosen to keep the tax breaks handed to the big banks by the previous Conservative Government and hinge its economic strategy on appeasing those same banks. At the same time, it is asking the small, often family-run businesses on our high streets to shoulder more of the burden to raise revenue. While big banks are being rewarded, rural communities are being left behind and local businesses are being squeezed. That is not fair, balanced or sustainable. We need a reform of banking hub criteria to reflect rural geography, a proactive provision of hubs before the last bank closes, guaranteed access to free-to-use ATMs, and stronger obligations on banks to maintain services in underserved areas. Without intervention, the current trajectory is clear: more closures, further exclusion and more communities left behind.