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23 April 2019

FSB on TSB branch changes in Scotland

Reference number: SPUR2304

New information released by TSB suggests that the bank is reducing hours at around 70 branches in Scotland, while closing two premises in Edinburgh, one in Keith and one in Aberdeen.

Andrew McRae, FSB’s Scotland policy chair, said: “This looks like TSB is reducing opening hours in branches up and down Scotland before closing their doors for good.

“In scores of communities these changes will reduce local footfall, hurting the vibrancy of many of our high streets. It will make it more difficult to run a business, especially if you operate in our cash-dependent retail and hospitality industries.

“UK Ministers must stop sitting on their hands when it comes to bank branch closures and uncertainty over our ATM network. We need to see policymakers look at the impact of these sorts of closures on the economic health of local communities.”