I rise to present this petition on behalf of the residents of Suffolk Coastal and the wider Suffolk area. It recognises that Barclays bank will close its Leiston branch in May, which means Barclays will have closed all eight of its branches in Suffolk Coastal, including Aldeburgh, Felixstowe, Halesworth, Martlesham Heath, Saxmundham, Southwold and Woodbridge.
Furthermore, we are concerned that rural areas such as Suffolk are more likely to be at risk of bank branch closures. Meanwhile, the Financial Conduct Authority has been given extra powers under the Financial Services and Markets Act 2023, and we are very concerned about the assessment of the justification of the closure by Barclays, which the FCA is expected to validate.
The petitioners therefore request that the House of Commons urges the Government to encourage Barclays to keep open its last remaining branch, in Leiston in Suffolk Coastal, and to require the Financial Conduct Authority to publish its assessment of the justification given by Barclays for the closure of its Leiston branch.
Following is the full text of the petition:
[The petition of residents of Suffolk Coastal and the wider Suffolk area,
Declares that Barclays Bank has stated it will close its Leiston branch; further that this means Barclays will have closed all of its branches in Suffolk Coastal including Aldeburgh, Felixstowe, Halesworth, Martlesham Heath, Saxmundham, Southwold and Woodbridge; further that the petitioners believe that rural areas like Suffolk are more likely to be at risk of bank closures; further recognises the powers of the Financial Conduct Authority given under the Financial Services and Markets Act 2023 regarding access to cash and bank closures; and further that it is concerned at the validity of the assessment of the justification of closure by Barclays.
The petitioners therefore request that the House of Commons urges the Government to encourage Barclays to keep open their last remaining branch in Leiston is Suffolk Coastal; and to require the Financial Conduct Authority to publish its assessment of the justification given by Barclays for closure of its Leiston Branch.
And the petitioners remain, etc.]
[P002936]