2 February 2024
Local Bank Branches Campaign

Proper access to cash and local banking services remains vital for many living in Mid Norfolk – especially the small businesses that drive our local economy and those who depend on the support of branch staff (such as the elderly and the most vulnerable).

That’s why, as part of my ongoing Access to Cash and Local Bank Branches campaign, and having recently pledged my support to the Nationwide Banking Bill currently making its way through the House (see here), I have today co-signed a letter to the Chief Executive of the Financial Conduct Authority encouraging them to widen the scope in which LINK can recommend Community Banking Hubs for towns and villages.

See the letter below.

The “last bank in town” rule that prevents LINK from recommending Community Banking Hubs in many communities is inadequate. The scope within which LINK can recommend intervention for local communities, particularly in rural areas, must be increased.

I am determined to speak up for Mid Norfolk on this crucial issue – and look forward to helping drive forward this campaign in the weeks and months ahead.

To learn more about my ‘Access to Cash and Local Bank Branches’ campaign, please click here.