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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.

2 Articles

Evening StandardEvening Standard
Center

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’.

·London, United Kingdom
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Shropshire StarShropshire 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.

·Ketley, United Kingdom
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Shropshire Star broke the news in Ketley, United Kingdom on Thursday, November 30, 2023.
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