Wednesday, 19 September 2018 05:41

UK GOVERNMENT MUST FIX RURAL ATM ‘CASH CRISIS’

TORIES FAIL TO ACT AS COMMUNITIES LEFT WITHOUT BANKING FACILITIES

The SNP has called on the Tories to act urgently to fix the ATM 'cash crisis' hitting rural communities across Scotland.

Drew Hendry MP, the SNP's Business spokesperson at Westminster, has warned that ATM cash machines are closing down at a 'rapid rate' across rural areas, leaving many communities and businesses without adequate banking facilities.

The MP for Inverness, Nairn, Badenoch and Strathspey issued the warning after the latest figures from LINK, the UK’s largest cash machine network, revealed a further 1,300 ATMs were lost between the end of January and the beginning of July 2018.

Coupled with the recent closures of bank branches across Scotland, the SNP is concerned that a lack of rural banking facilities will hit local families, small businesses, and tourism across Scotland.

SNP MPs and MSPs have been campaigning to reverse bank branch closures across Scotland, including the plan by RBS to close 62 branches. Despite repeated calls for action, and its role as majority shareholder in RBS, the Tory Westminster government has failed to lift a finger to prevent the closures.

Commenting, Drew Hendry MP said:

"The Tories must now act urgently to tackle the crisis hitting rural communities across Scotland.

"It is simply not good enough that Tory ministers are refusing to lift a finger when communities are facing mass closures of local ATMs and bank branches.

"Access to banking facilities are vital for local families, small businesses, and the success of our tourism industry. As numbers of machines continue to decrease, where machines remain the cash is running dry just when it is needed.  

“In my constituency alone, this summer has already seen locals, tourists and our businesses missing out as remaining cash machines have run out at the start of busy weekends in Aviemore and Grantown on Spey. Other communities have seen promised mobile van services simply fail to turn up. It is a shambles."

"Access to cash and banking facilities are vital for local families, small businesses, and the success of our tourism industry.

“The SNP will continue to fight for urgent action to ensure all communities have access to adequate banking facilities. The Tory government can no longer sit on its hands and do nothing while rural communities suffer the consequences."

‘Cash machines on course to vanish within a decade’ - https://www.thetimes.co.uk/article/cash-machines-could-vanish-within-a-decade-vv680f5hn

‘SNP anger over RBS branch closures’ - https://www.scotsman.com/news/politics/snp-anger-over-rbs-branch-closures-1-4782475

‘Hundreds of cashpoints lost every month, says Which?’ - https://news.sky.com/story/hundreds-of-cashpoints-closing-every-month-says-which-11420578

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