Cash Crisis

Government ignoring cash crisis in rural areas

Jamie once again calls for the Government and banks to invest in community banking hubs to address the cash crisis the Highlands faces as the Treasury refuses to acknowledge the cash crisis facing rural areas.

In response to a Parliamentary Question asking banks to fulfill their duty to consumers and small businesses, John Glen MP, Economic Secretary to the Treasury, said:

“We are trying to ensure that the transfer of responsibility to the Post Office runs smoothly because 99% of people live within one mile of a Post Office and that is a very good alternative for the vast majority of banking services.”

Commenting Mr Stone said:

“The Government continues to rely on Post Offices to take the place of bank branches and in doing so completely misses the issue facing constituencies like mine – that Post Offices are closing too!

“In focusing on the 99% who live near a Post Office the Tory Government is ignoring my constituents, many of whom live much further from either a bank branch or a Post Office.

“Patchy internet and Post Office closures mean that the ‘alternatives’ are simply not available in many parts of the Highlands. We need the Government to work alongside banks and the Post Office to implement community banking hubs which would provide every community over a certain size with face-to-face advice and the ability to accept cash and cheques, regardless of who you bank with.”

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