Two-thirds of Britain's bank branches have closed over the past 30 years - many towns without any

Mail Online | 11/16/2018 | Holly Thomas For Daily Mail
Pumpkinajn (Posted by) Level 3
Click For Photo: https://i.dailymail.co.uk/1s/2018/11/16/00/6251272-0-image-a-9_1542327750888.jpg

Two-thirds of bank branches have closed their doors in the last 30 years – leaving millions of customers without a service.

The relentless closures mean that a fifth of households are now more than three kilometres (1.8miles) from their nearest branch, according to consumer group Which?.

Ten - Customers - Kilometres - Cent - Kilometres

Almost one in ten customers travel more than five kilometres (3.1miles) and 6 per cent are more than six kilometres (3.7miles) away.

Closures hit rural communities especially hard, with those on low incomes and the elderly most likely to suffer.

Tory - MP - Simon - Clarke - Member

Tory MP Simon Clarke, a member of the Treasury committee, which is investigating the diminishing accessibility of financial services, said: ‘Banks are depriving people of essential services.

Parliamentary records show there were 20,583 branches in 1988, but the consumer group’s analysis shows that there are just 7,586 today.

Parts - Scotland - Account - Communities - Bank

Sparsely-populated parts of Scotland account for the top 70 communities farthest from a bank.

Areas where recent closures have led to towns or villages without a single branch include Lymm in Cheshire, Broseley in Shropshire, Fishguard in Pembrokeshire and Sturminster Newton in Dorset.

Banks

While banks argue that one of the...
(Excerpt) Read more at: Mail Online
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!