Vol 25 l Issue 37
www.champnews.com
WOOL / CASHMERE
12 September 2018
C O AT S
• C O AT I G A N S • D U V E T C O AT S
Tel: 01704 569697
ARRIVING SOON
FORMBY
5 WELD PARADE, BIRKDALE VILLAGE, PR8 2DT
RBS BANK CLOSURE DECISION SLAMMED
INSIDE THIS WEEK...
Formby branch to shut but decision will impact on local communities and businesses, says MP Report by Henry James HIGH STREET banking is being ‘irreversibly eroded’ according to Sefton Central MP Bill Esterson reacting to the announcement by the RBS that it is to close its Formby branch. RBS announced the closure of 54 branches across England and Wales with the loss of 258 jobs. The Formby branch will close on January 23 next year. But the town’s MP said the closure would further, reduce the ability for customers to access face to face banking services - services Mr Esterson said were still ‘very much needed’ by many people, particularly the elderly and those without access to the internet. Mr Esterson, who is a shadow business minister, told the Champion: “The fact that two branches (Formby and Maghull) are closing in my constituency is a particular blow and shows no thought is being given by RBS to the impact on local communities and businesses. “I am concerned about the irreversible erosion of high street banking and I would like to see more consultation carried out before bank branches are closed. “RBS is part-owned by the taxpayer so there could and should be a public service element to the business, which is now making significant profits after struggling for years after the banking crisis. “Many people still do all their banking in a branch. Lots of people do not have access to the internet. This will be very distressing for a number of people who may not find it easy to do their banking in other ways. And many smaller businesses need their local bank branch because they have to deposit cash takings. “Asking businesses in Maghull to go to Aintree and businesses in Formby to go to Crosby shows that RBS have no idea of the damage they are doing to local firms in my constituency. “As a publicly-owned bank, they really should be putting the community and local economy at the heart of their decision making. They clearly are not, judging by this decision.” The bank said the closures were due to more of their
Battle to save trees
The RBS branch in Formby is to close in January, say bank chiefs
customers banking on their mobile phone or online, and said that customers can also use NatWest branches. An RBS spokesperson said: “As we are no longer launching Williams & Glyn as a challenger bank we now have two branch networks operating in close proximity to each other in England and Wales – NatWest and Royal Bank of Scotland. “As a result we have reviewed our overall branch footprint in England and Wales and have made the difficult decision to close 54 Royal Bank of Scotland branches. Continued inside
‘This will be very distressing for a number of people who may not find it easy to do their banking in other ways’
Disney date for choir CROSSWORD See Page 36
THE UK’S LARGEST LETTERBOX CIRCULATION BY AN INDEPENDENT PUBLISHER! 164,303
CHAMPION SERIES
JAN-DEC 2017 100% FREE