Bank closures are a threat

Bank closures are a threat
Rishi Sunak MP has been criticised follow an announcement that more banks are closing in his constituency.

The MP and Chancellor of the Exchequer used his March 2020 budget to promise alternative facilities for vulnerable and rural communities who rely on cash.

But local campaigners say the chancellor is letting down his own voters as HSBC announced the closure of its last two branches in the constituency.

The banking giant says its Richmond and Northallerton branches will shut this year, following Hawes, Leyburn and Stokesley which shut in the last rounds of closures.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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