Business of the House

Part of the debate – in the House of Commons at 11:04 am on 11 January 2018.

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Photo of Madeleine Moon Madeleine Moon Chair, Defence Sub-Committee, Chair, Defence Sub-Committee 11:04, 11 January 2018

The NatWest bank is 73% publicly owned, yet it is closing its branch in Porthcawl where millions roll in from the businesses across the town and the large number of retirees who live there. Is it not time for the largely publicly owned banks that were bailed out by the public to sign a social responsibility clause before being allowed to continue, so that they cannot close without the permission of the community they serve?