HP Aichi

Main Menu

  • Excess Supply
  • Factoring UK
  • Feasibility Studies
  • Capital Structure
  • Saving Investment

HP Aichi

Header Banner

HP Aichi

  • Excess Supply
  • Factoring UK
  • Feasibility Studies
  • Capital Structure
  • Saving Investment
Factoring UK
Home›Factoring UK›‘Retirees will be left behind’ as branch network shrinks – HM Treasury pushes | Personal Finances | Finance

‘Retirees will be left behind’ as branch network shrinks – HM Treasury pushes | Personal Finances | Finance

By Allison Nichols
November 20, 2021
0
0


The branch network is shrinking

According to the FCA’s latest cash access report for the second quarter of 2021, the branch network declined 4.55% between April and June 2021, with 267 branch closings, leaving 5,599 standing. This means that only 60.1% of the population is within 2 km of a bank branch (compared to 61.8% in the previous quarter) and 87.5% within 5 km of a branch (compared to 88 %).

In rural areas, only 77.3 percent are within 2 km of free cash access. This would have been made even more difficult by the fact that 89% of branches of banks and building societies were still operating reduced hours in April-June.

Despite this, the FCA noted that when including post offices, ATMs and mobile banks, the number of places to access free cash reached 60,227, up from 59,903 in a quarter. He also started adding places where you can get cash back, bringing the total to 489,709.

However, Sarah Coles, personal finance analyst at Hargreaves Lansdown, expressed concern over the numbers.

“Bank branch closures risk cutting the most vulnerable people off their cash flow,” she said.

READ MORE: Savers fear pension funds will be hit by inheritance tax


Related posts:

  1. FTSE set to rise forward of Bailey’s feedback – Dwell Updates
  2. 10-year JGB yields decrease earlier than BOJ coverage assessment
  3. Trade Evaluation & Forecast (2019-2026), By Materials, Packaging Kind, Manufacturing Course of, Utility & Area – SoccerNurds
  4. Greatest cryptocurrency mining swimming pools of 2021

Categories

  • Capital Structure
  • Excess Supply
  • Factoring UK
  • Feasibility Studies
  • Saving Investment

Recent Posts

  • Rotary Kilns Market 2022 – Industry Dynamics, Demand Analysis, Statistics, Trends and Opportunities to 2028 – Designer Women
  • Valero Energy Stock: Expensive with potential for losses (NYSE: VLO)
  • Ukraine asks the West for a huge increase in the supply of heavy artillery | Ukraine
  • Top Stories of the Week – NBC 6 South Florida
  • What is the Smart Sleep Tracker market size? – Indian Defense News
  • Terms and Conditions
  • Privacy Policy