Nearly two thirds of bank branches across the UK have been lost in the past 30 years, according to the consumer group Which?.
Jonathan Reynolds, the Shadow City Minister, said the decision was disappointing and would ‘damage local communities and high streets’. He added: ‘We have a duty to ensure there is basic banking infrastructure for all who need it.’
Santander has said that it will invest £55 million in refurbishing 100 of its remaining branches and emphasised that account holders can access banking services in more than 11,000 Post Office branches.
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