Liberal Democrat MP Tim Farron today used Prime Minister’s Questions to urge the Prime Minister to properly compensate communities that have been abandoned by the banks and forced to use online banking instead.

According to the consumer group Which? around 3,000 bank branches have closed over the past three years.

Meanwhile over the same time period, innocent customers have lost an extra £2billion in online and financial fraud.

Speaking during Prime Ministers Questions, Tim Farron asked: “Will she agree that the banks have taken without giving for too long?

“Will she meet with me to force the banks to compensate victims of fraud, to compensate the communities they have abandoned and to prevent banks closing the last branch in town?”

In response, the Prime Minister refused to help abandoned communities and victims of financial fraud, instead saying that banks are “commercial organisations and those are decisions that they take.”

Following the exchange, Liberal Democrat MP Tim Farron said:

“It’s absolutely staggering and hugely disappointing that the Prime Minister has decided to turn her back on communities like Grange in my constituency that have been abandoned by the banks.

“People who have been victims of financial fraud and those who have been let down by the banks deserve better than the Prime Minister shrugging her shoulders.”

Notes

To watch Tim’s question, go here.

The figures from Which? about bank closures can be found here, while the figures from UK Finance about financial fraud can be found here, here and here.

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