VerbatimParliament, as it happens

Banking Hubs

Asked by Anna DixonLabourTreasuryTabled Answered 10 September 2024UIN 4306

The question

To ask the Chancellor of the Exchequer, what steps her Department is taking to ensure that new banking hubs will be opened in communities affected by bank branch closures.

Answered by Tulip Siddiq

The Government understands the importance of face-to-face banking to communities and high streets, and is committed to championing sufficient access for all as a priority.

This is why the Government is working closely with industry to ensure that at least 350 banking hubs are delivered across the UK, which will provide individuals and businesses up and down the country with critical cash and banking services.

Over 60 banking hubs are already open and Cash Access UK, who oversee banking hub rollout, expect 100 hubs to be open by the end of the year.

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