Ogmore MP Chris Elmore is leading calls for action on the rapidly depleting banking services many rural and suburban communities now find themselves with.
During Business Questions, he called on Commons Leader, Jacob Rees-Mogg MP, to ask Treasury Ministers to address the issues surrounding access to cash as the problem continues to hit his constituents and many others across the UK.
This intervention follows the joint letter he coordinated last week, where 124 cross-party MPs called on the Chief Executive of Barclays to help end the “cash crisis” many people were facing as a result of the bank ending its free cash withdrawal services from Post Offices.
Barclays’ decision comes at a time of growing concern over the disappearance of banks from the high street and free-to-use cash points. Research by consumer organisation Which? has shown that these disappearances are having a disproportionately high impact on lower income areas. Chris’ Ogmore constituency itself now has only one bank branch and a similar picture is emerging across the country.
Chris Elmore MP said:
“Our local communities have supported banks for decades yet now, as our economy digitises further, it seems as if they’re willing to leave some of the most vulnerable and elderly people behind.
“Access to cash – particularly in rural areas – is so important and the rate of continued bank branch and cash point closures is having a real impact on the ground.
“I’ve been overwhelmed by how many people have got in touch with me about this issue and I will be continuing to press both minister and the banking sector itself to meet its moral responsibility to the people who are currently having the rug pulled from under their feet.”