Part of 1. Questions to the First Minister – in the Senedd at 2:31 pm on 6 December 2022.
Diolch, Prif Weinidog. The First Minister will be aware of the most recent spate of bank closure to hit Wales after HSBC announced last week that they'd be closing 12 branches from next April. One of the branches earmarked for closure is in Port Talbot. The announcement is another blow to constituents in my region, who, from west to east, are already being cut adrift by the closures. Gower, for example, now only has three of the big four UK banks, split between Gorseinon and Mumbles, whilst, to the east, in Ogmore, just one bank remains.
We have known about this problem for a long time. We know that the communities impacted hardest are in areas of high deprivation. The big banks enjoy massive profits, but simply don't care about their social responsibilities. As they continue to abandon our communities, will the Government accelerate the establishment of the Banc Cambria network?