Westminster Hall
1 September 2026
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Westminster Hall House of Commons
00:33 - 00:43
Speaker 1
Order, order. I call upon Caroline Voaden to move the motion.
00:43 - 01:35
Speaker 4
Thank you, Mr. Chairman. It's a pleasure to serve under your chairmanship. Banking services in rural areas have been decimated. While the big banks make billions in profits, they close branches with impunity, turning their backs on customers and leaving small businesses struggling with the impact. Last year, Lloyds reported a 6.7 billion pound pre-tax profit, yet in the same period, they shut 218 branches with a further 95 set to close this year.
64% of all bank and building society branches that were open in January 2015 have closed in the past 10 years, numbering over 6,000. In my constituency of South Devon, which covers around 450 square miles, we now have one bank branch left, and I wonder how long that will be there. I will give way.
01:35 - 01:58
Speaker 7
Thank you, honorable member, for giving way. Would she agree with me that the scale is phenomenal in terms of closures and that while the banking hub rollout is welcome in terms of rural areas such as mine and I know hers, would she agree the scale of the closures is defeating the bank hub banking hub rollout and we need to see an increase in that banking hub to meet the demand that there is on the streets?
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