"Mitcham and Morden MP, Dame Siobhain McDonagh, has called on LINK, the operator of the UK's banking hubs, to rethink its decision that the area is ineligible for one. With the closure of Lloyds, Mitcham will lose its last remaining bank a lifeline for many local people and small businesses who rely on in-person banking, said Dame Siobhain. They shouldn't have to travel to another town just to access basic financial services."
"LINK's previous assessment described Mitcham as a strong candidate for a banking hub, noting its 115 high street shops and 48,000 nearby residents. However, the town was ruled out because it fell just short of the 15-minute public transport journey-time threshold to the nearest full-service branch in Tooting. The MP's appeal challenges the accuracy of that assessment, arguing that the 14-minute journey time recorded by LINK does not reflect reality."
Mitcham will lose its last bank after Lloyds closes, prompting a request for a LINK-operated banking hub to preserve in-person services. LINK previously rated Mitcham a strong candidate, citing 115 high street shops and 48,000 nearby residents, but excluded it for missing a 15-minute public transport threshold to a full-service branch in Tooting. The MP disputes LINK's recorded 14-minute journey time; local residents found an average 19-minute trip. Campaigners say the Langdale Parade Post Office is unsuitable for elderly and disabled users. Banking hubs would offer shared counter services from major banks five days a week.
Read at www.standard.co.uk
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