Banks: Derbyshire
The question
To ask the Chancellor of the Exchequer, if he will make an estimate of the number of bank branches that have closed in (a) High Peak constituency and (b) Derbyshire in each year since 2010.
Answered by Tulip Siddiq
The Government does not hold bank branch closure data from 2010.
Guidance from the FCA sets out its expectation of firms when they are deciding to reduce their physical branches or the number of free-to-use ATMs. Firms are expected to carefully consider the impact of planned branch closures on their customers’ everyday banking and cash access needs, and put in place alternatives, where this is reasonable.
Alternative options to access everyday banking services can include telephone banking, through digital means such as mobile or online banking, and via one of the UK’s 11,500 Post Office branches.
The Government recognises the importance of face-to-face banking to communities and high streets. The Government has therefore committed to work closely with banks to roll out at least 350 banking hubs, which provide individuals and businesses up and down the country with critical cash and banking services.
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