To ask the Chancellor of the Exchequer, whether he has had discussions with the banking hub company on setting up a site in the Upper Tywi Valley in Carmarthenshire.
23 September 2022
The Government has welcomed industry efforts to develop coordinated initiatives to support access to cash. Following the Government’s commitment to legislate to protect access to cash, the Cash Action Group announced plans for industry to assess the access to cash needs of communities where there is a closure of a core cash service or upon the request of a local community. These assessments are undertaken independently by LINK (which operates the UK’s largest ATM network) and the provision of shared bank hubs is a commercial decision for industry. Where LINK recommends the introduction of a bank hub, industry has established the Bank Hub company to oversee the rollout of banks hubs across the UK. Further information about the assessment process can be found on LINK’s website.