By David Hanson MP / Latest News / / 0 Comments
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On Tuesday, I asked the Business Minister, Margot James MP, about the Royal Bank of Scotland (RBS) Enterprise Finance Guarantee (EFG) scandal.

The EFG was a government scheme established to help struggling businesses – especially construction firms – after the banking crash of 2008. However, RBS appear to have used the EFG to transfer debt to the government scheme to help with their terrible balance sheets. This caused many viable businesses, including ones in Delyn, to be put under tremendous pressure causing foreclosure. Read more “Business, Energy and Industrial Strategy Questions: RBS”

By David Hanson MP / Latest News / / 0 Comments

I am appalled by the decision from Royal Bank of Scotland (RBS) to close the Holywell branch of NatWest on the 6th June 2017.

RBS argue that the reason for the closure is an 18% decline in the number of transactions in the branch. RBS state that they will be “communicating with customers affected by the closure”.

This is a blow to the town. We have seen a growing number of closures of banks in recent years. This is leaving people without a branch service which they need for face-to-face meetings and day-to-day banking. Read more “Holywell Branch of NatWest set to close”