Banking Hubs
The question
To ask the Chancellor of the Exchequer, what discussions she has had with the banking sector on the rollout of banking hubs beyond the lifetime of this Parliament.
Answered by Lucy Rigby
Treasury Ministers regularly engage with the banking sector on access to banking services, including the rollout of banking hubs.
The Government understands the importance of access to in-person banking services for communities and high streets and is committed to supporting the financial services industry’s roll-out of 350 banking hubs by the end of this Parliament. Importantly, this number is a floor, not a ceiling, and Cash Access UK will deliver a banking hub wherever LINK has recommended one.
The Government keeps the effectiveness of current arrangements under review through regular engagement with industry and other stakeholders to ensure they meet the needs of people and communities.
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