Nigel Farage has offered a solution to the bank branch crisis with nearly 200 more set to close this year.
Speaking on GB News, he said:
"There are announcements coming out from most of the big banks that they will be closing more branches around the country over the course of 2024
“The numbers now are comparatively small. But think about this: Over the course of the last decade 50 percent, in fact slightly over 50 percent, of all high street banks have closed.
“And we know the massive inconvenience that is, especially for small businesses who take cash. Yes, there are still some of those people out there and are feeling that the banks have been letting people down.
“I said right at the start, that my campaign to do with banking wasn't just about the way that I was treated by Coutts / NatWest, but how actually, the country feels it's being treated.
“There is a solution to this. And the solution is the hub bank concept where all the big banks and big clearers would have a little desk in one big office, in a market town or wherever it is, and a couple of people there would be able to receive and pay out money.
“There are now 31 of these hubs up and running, established around the country. And where they are, they are hugely useful to consumers, to small businesses, but it's only 31.
“The banks have said openly, they're going to back the hub system, and yet they're not doing so and I want our MPs - particularly our MPs representing the smaller towns, the more rural areas - to start giving the banks a bit more of a kicking on this.
“The Hub concept makes sense and it works.”
