Bank Services: South Holland and the Deepings
The question
To ask the Chancellor of the Exchequer, what steps her Department is taking to support small businesses impacted by a reduction in (a) local bank branches and (b) in-person banking services in South Holland and the Deepings constituency.
Answered by Emma Reynolds
The Government understands the importance of face-to-face banking to communities, businesses and high streets in the South Holland and Deepings constituency and across the UK, and is committed to championing sufficient access for all as a priority. This is why the Government is working closely with industry to roll out 350 banking hubs across the UK. The UK banking sector has committed to deliver these hubs by the end of this Parliament. Over 220 hubs have been announced so far, and over 135 are already open.
Alternative options to access everyday banking services can be via telephone banking, through digital means such as mobile or online banking, and via the Post Office. The Post Office Banking Framework allows personal and business customers to withdraw and deposit cash, check their balance, pay bills and cash cheques at 11,500 Post Office branches across the UK.
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