Nigel Farage has offered a solution to the bank branch crisis with nearly 200 more set to close this year.
More and more big-name lenders’ sites are evaporating from the UK high street, including familiar names like Barclays and NatWest.
Customers are being forced to turn to online banking to manage their finances as a result.
It comes after mass closures in 2023, with 645 building societies and bank branches shutting their doors for good.
Nigel Farage has offered a solution to the crisis
GB NEWS / GETTY
The GB News presenter outlined a concept which he says is already working as a possible solution for small businesses and people who prefer using cash.
“The solution is the hub bank concept”, he said.
An image of shoppers on the high streetPA“All the big banks and big clearers would have a little desk in a big office in a market town and a couple of people there would be able to receive and pay out money.
“There are 31 of these hubs up and running and established around the country.
“They are hugely useful to consumers and small businesses, but it’s only 31.
“The banks have said openly they will back the hub system and yet, they’re not doing so.
“I want our MPs, particularly MPs representing smaller towns to give banks a bit more of a kicking on this. The hub system works.”
A total of 189 branches are set to close in England, Wales, Northern Ireland and Scotland in a blow to locals.
According to LINK which keeps track of any planned closures, Barclays is set to shut 34 branches while Lloyds closes 60.
Farage bemoaned the “massive inconvenience” for households as access to cash becomes increasingly scarce.
“There is a feeling that the banks have been letting people down”, he said.
“I said to you right at the start that my campaign to do with banking wasn’t just about the way that I was treated by Coutts/NatWest, but actually the country feels it’s being treated.”
