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Published 8 months ago

A Labour government would consider new powers to prevent ‘banking deserts’

Summary by Ground News

Labour plans to accelerate the rollout of so-called banking hubs. Party is prepared to bring in new powers for the financial services regulator. Opposition party said extra controls could allow the Financial Conduct Authority to step in. Almost half of bank branches in the UK have shut in the eight years since the Conservatives won a majority in 2015.

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Shropshire Star

A Labour government would consider new powers to prevent ‘banking deserts’

Labour is considering bringing in powers that would prevent communities being left in “banking deserts” if it wins the next election.

8 months ago·Ketley, United Kingdom

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Evening Standard

A Labour government would consider new powers to prevent ‘banking deserts’

Shadow chancellor Rachel Reeves said her party wants to ensure ‘every community has access to high street banking services’.

8 months ago·London, United Kingdom

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