Bank Services: Rural Areas
The question
To ask the Chancellor of the Exchequer, whether the Access to Banking Services Review will consider rurality.
Answered by Rachel Blake
The Government recognises the importance of ensuring that communities across the UK can access the banking services they need. That is why HM Treasury has commissioned an independent Review into Access to Banking Services.
Whilst there is evidence on a local level of individuals being affected by the closure of bank branches, the Government needs robust evidence from across the UK.
The Review will examine whether changes to access to in‑person banking services are causing consumer detriment, the scale of any detriment, and who and where it affects, including in rural communities. The Review will seek input from market participants and consumer representatives, and Government and regulators will also be consulted.
Further details regarding how individuals and firms can contribute evidence to the Review will follow in due course.
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