Airdrie Savings Bank

19th January 2017

Today I asked the Leader of the House to make time to discuss the state of UK banking following the announcement that the Airdrie Savings Bank will close after 180 years meaning 70 people will lose their jobs. The Airdrie Savings Bank provided a fantastic service to people in Lanarkshire and it is a great loss to the area.

 

The closure is the result of tighter banking regulations following the 2008 economic crash meaning that gambling bankers have indirectly led to the closure of the UK’s last independent savings bank.

I welcome the statement from my colleague, Neil Gray MP, and Alex Neil MSP, that they will make efforts to help employees find alternative employment.