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The Guardian - UK
The Guardian - UK
Business
Kalyeena Makortoff Banking correspondent

Labour seeks to protect face-to-face banking by forcing Commons vote

Faded signage on a closed bank in the City of London.
Labour is also pushing for free-cash access, amid fears the financial services and markets bill may result in consumers paying fees for withdrawals. Photograph: Matt Crossick/PA

Labour is planning to force a vote on guaranteeing in-person banking across the country, following swathes of branch closures that have left local communities without face-to-face services.

The party’s amendment to the financial services and markets bill would give City regulators the power to ensure communities have regular access to “essential” in-person services, including opening new accounts, applying for loans, making and receiving payments and setting up standing orders.

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