Caroline Flint, MP for Don Valley, supported a Ten Minute Rule Bill in the House of Commons to amend the law relating to rural banking and small communities.
Rural communities are now left often with no bank at all, meaning customers are having to travel into central Doncaster to do their banking.
This bill seeks to put rural areas on a better footing by making provisions to place the Access to Banking Standard onto a statutory footing; to place a duty on a closing bank to provide a community investment fund from those banks which has received significant tax-payer assistance in the aftermath of the last economic crash; and to strengthen the provision of post office services for rural and small communities across the UK.
The bill will also seek to establish a Community Fund of £100,000 for each branch closure of tax payer owned banks to help support the communities and customers they are abandoning.
Said Caroline: “I was happy to be able to support Luke Graham MP’s Bill on banking. I will always consider cross-party initiatives to try and make sure that Don Valley gets the best deal from this Government.
“The treatment of rural communities by our banks, including RBS, isn’t correct. Rural communities need to be considered properly when banks are deciding on making closures. When I met with RBS, and realised that rural communities were considered on the same footing as busy city high streets, I knew something had to change.”