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, over 50 per cent of all High Street banks have closed.
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 a feeling that the banks have been letting people down.
Nigel Farage spoke on the banking crisisGB News
I said to you right at the start that my campaign to deal with banking wasn't just about the way that I was treated by a coat stroke, 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 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 and 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 MP's, particularly our MP's representing the smaller towns, to start giving the banks a bit more of a kicking on this.
The hub concept makes sense and it works.
