02 August 2024
Bira has expressed concern over the announcement that dozens of high street banks will be shutting down this month, emphasising the vital service these branches provide to the high street.
A total of 44 bank branches are scheduled to close in August, including 22 NatWest, eight Halifax, five Lloyds, four Bank of Scotland, and five Barclays locations.
Several towns will be left without any nearby branches, raising alarm about access to essential banking services.
Andrew Goodacre, CEO of Bira said: "We are saddened by this wave of closures. Banks play a crucial role in supporting local businesses and maintaining the vibrancy of our high streets.
“Their presence is essential for both retailers and consumers who rely on cash transactions and face-to-face banking services."
Bira is highlighting the critical importance of maintaining banking services in local communities.
Bira emphasises that these closures disproportionately impact small businesses and vulnerable consumers who depend on access to cash and in-person banking.
Mr Goodacre added they were actively campaigning for the preservation of bank branches or, at minimum, the establishment of banking hubs in every town and city.
“We call on the new government and banking sector to take immediate action to ensure the long-term viability of cash access and in-person banking services across the UK," he said.
Find out more about Bira's policies and campaigns.
Got something to say on this story? Scroll down and leave a comment.
Related News
All News-
Bira calls for fresh thinking from new ministers on key business Issues
Bira says the government's major ministerial reshuffle must bring fresh perspectives to critical policy areas that are hitting small businesses hard.
-
Another high street casualty as Bodycare collapse puts 1,000+ jobs at risk
Bira warns late November budget will damage crucial Christmas trading period as retailer founded 50+ years ago calls in administrators.
-
Agile, personal, community-focused – why independents are the high street’s superpower
Independent stores are helping to redefine the high street experience, offering unique products and creating community hubs that bring people together and drive local vibrancy.
-
Criminals undermining legitimate retailers as trading standards collapse
Bira has warned that criminals are undermining legitimate retailers as trading standards services collapse, following a new Which? investigation.