UK Bank Branch Closures Surge: What it Means for Local Communities and Access to Services
The UK banking industry is witnessing a substantial wave of branch closures, topping 6,000 since 2015, largely driven by consumer behavior shifts and technological advancements. Major banks like TSB, Barclays, NatWest, and Royal Bank of Scotland are significantly reducing their physical presence, raising concerns over community access. This trend calls for regulatory intervention and innovative solutions to ensure continued service accessibility for affected communities.
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