Lloyds Bank has announced plans to shrink hundreds of its branches in size, in some cases boarding up the old counter sections. Commenting on the news, Shadow Chancellor Susan Kramer said:
“Lloyds and other banks are turning their backs on the communities that have been the foundation of its business for generations.
“Yet again though rural areas are set to be the worst affected by the bank closures, even though broadband connection speeds are still lagging behind in these places. This just shows yet again the urgent need for the Government to make real commitments to a strategy for rebuilding genuine community and local banking as well as on increasing broadband speeds.”