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It found that, on average, the most deprived 10% of local authorities have seen a decline of nearly a third (31%) of existing branches since 2010 – whereas the least deprived 10% have seen a fall of just over a fifth (22%).
High street banks have closed 990 branches in the most deprived areas of England since 2010 – more than four times the 230 closed in the least deprived local authority areas.
There is a double impact for the rural deprived areas of England where bank closures often lead to a community which has no access to cash with the nearest available bank branch often many miles away. A perfect storm is being created when bank closures and an ever reducing public transport provision are taken into account in rural areas.
? Yahoo Finance - Bank branch black spots ‘being created in England’s most deprived areas’
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