ROGER WILLIAMS SECURES BANK BRANCH CLOSURES DEBATE

February 10, 2012 4:58 PM
Originally published by Roger Williams MP

Brecon and Radnorshire, Liberal Democrat MP Roger Williams has secured a ninety minute Westminster Hall debate on "High Street Bank Branch Closures in Rural Areas".

After the announcement that HSBC was to close its Presteigne Branch, Roger Williams applied for a debate to discuss the impact that these closures have on rural communities.

Commenting Roger Williams said:


"This will be a very important debate, the local bank branch is crucial to the local economy. HSBC's argument was that at this branch, people were not buying enough mortgages and other banking products in enough quantity to make the branch viable. This may be the case but large numbers of people have bought products from them in the past and then to get up and walk away from the area to me is very shaky morally.

"I understand the commercial pressures these banks are under but they must understand the effects these closures have on the areas, its tourism, economic development and indeed the effect it has on their customers.

"We will be fighting tooth and nail to keep these banks in the communities they serve."

Ends:

Notes: The debate will be at 9.30am on Tuesday 21st February. You will be able to watch the debate live on http://news.bbc.co.uk/democracylive/hi/

What would you like to do next?