Early day motion tabled by primary sponsor Neil Gray (Scottish National Party), on Tuesday, 24 January 2017, in the House of Commons. It is signed by 29 members in total.

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AIRDRIE SAVINGS BANK

That this House notes with concern the closure of Airdrie Savings Bank (ASB); understands that ASB was the last survivor of the UK’s independent savings banks and acknowledges the work done to support local community groups and initiatives; recognises that the people who ran ASB, many of them on a voluntary basis at board level, are now having to face this closure given the very tight regulatory regime that now exists for banks in the UK; understands the consequences of the 2008 financial crash have meant that it has become impossible for small banks, such as ASB, to survive; further notes with concern that up to 70 members of staff will lose their job over the next few months; and urges the Scottish and UK Governments and all relevant agencies to support those affected by the closure.

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Secondary information

Type

Early day motion

Reference

880 

Session

2016-17

Other sponsors

Mike Weir

Margaret Ferrier

Stuart C McDonald

John McNally

Marion Fellows

Subjects

Financial services

Link

View this Early day motion on www.parliament.uk