NEWS DESK: MPs want the government to save our banks

An influential committee of MPs has called on the government to save Britain’s high street banks. Members of the Treasury Committee have said that face to face banking must be preserved to prevent large sections of the community being cut off from vital financial services.

The committee wants banks to consider sharing premises and to operate mobile branches to meet the needs of customers throughout the country.

Many small towns and villages have already lost their banks, and the committee calls on the government to force banks to continue to provide face to face banking facilities service for their customers.

Britain’s banks seem determined to force all their customers to bank online. The demise of the high street bank has been dramatic. In 1988 there were 20,583 high street banks. By 2017 the number had fallen to 9,690.

Unless the government takes action and forces the banks to provide local services for local people, many more high street shops will close, and our town centres will become ghost towns.