PARLIAMENTARY WRITTEN QUESTION
(4 February 2025)
Question Asked
To ask the Secretary of State for Business and Trade, whether he is taking steps with the Chancellor of the Exchequer to enable banking hubs to offer postal services.
Asked by:
Rebecca Smith (Conservative)
Asked by:
Rebecca Smith (Conservative)
Answer
The Department for Business and Trade continues to engage with His Majesty's Treasury on the Government’s commitment to roll out 350 banking hubs. Banking hubs are a voluntary service which were developed by the financial services sector to protect access to cash under the Financial Services Act 2023. Their rollout is overseen by Cash Access UK and funded by the banks for the purpose of coordinating banking hub delivery.
The Government-set Access Criteria ensures that however the network changes, Post Office delivers essential services, including banking and cash services, within local reach of all citizens.
Answered by:
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