Banking and local economy on agenda at Ruthin Public Meeting
The future of Community Banks, our high street and how to boost the local economy will be discussed in Ruthin this Friday evening when one of Plaid Cymru’s senior members, Assembly Member Adam Price, comes to address a Public Meeting organised by Plaid Cymru.
Ruthin, Denbigh, Llangollen, Corwen and other communities across Denbighshire and Gwynedd have seen numerous banks close, with many communities now left without any banks and people having to travel countless miles to carry out essential daily banking duties.
Plaid Cymru have called for a people’s bank for Wales, with a banking network across communities to allow people to carry out their daily banking needs.
Adam Price AM is Plaid Cymru’s Shadow Cabinet Secretary for Business, Economy & Finance.
Elfed Williams, Plaid Cymru’s spokesperson for Clwyd West, said:
“We, the tax-payers, had to bail out many of these banks a decade ago, and now they’re turning their backs on us. In every case the banks tell us that more and more people are banking on line, but we know from experience that many people, businesses and charities are losing out because we are still largely dependent on cash as a society.
“The closure of these banks is also having a detrimental impact on our rural economy, with less money being borrowed to our rural businesses. We need to develop ideas on how to ensure that these essential banking services are maintained in our communities, and that our local economy grows, creating greater wealth and better employment for our communities.”
The public meeting will be held at the Feathers in Ruthin, 25th May at 7.30pm, and is open to everybody.