Dr Neil Hudson, MP for Epping Forest, has expressed his deep disappointment following the announcement that NatWest intends to close its Loughton branch.
The proposed closure has caused significant concern among local residents and businesses, particularly those who rely on face-to-face banking services. Elderly residents, people with mobility difficulties, and those without access to online banking could be disproportionately affected by the loss of a local branch.
In response, Dr Hudson has urgently written to NatWest Bank, LINK, and the Government to seek urgent clarification and to press for the decision to be reconsidered. LINK is the organisation responsible for assessing the impact of changes to cash access and banking provision in local communities.
Dr Hudson has raised concerns about whether the closure adequately reflects the needs of vulnerable users who depend on in-person services and has asked for reassurance that their requirements have been properly taken into account. He has also sought assurances that staff currently employed at the Loughton branch will be offered suitable alternative roles at nearby locations, to avoid unnecessary job losses during a challenging economic period.
Dr Hudson, MP for Epping Forest, said:
“I am deeply concerned by this decision, which could be very damaging for our community. Many residents rely on face-to-face banking and access to cash and may struggle to travel to alternative branches. For elderly folk and those with mobility issues, travelling further afield can be extremely difficult.
“The closure of the NatWest branch in Loughton threatens not only residents’ financial independence, but also the vitality of our local high street. I am also worried about the impact this decision could have on the staff who work at the branch.
“I have urged NatWest and LINK to reconsider this proposal, and for LINK to explore alternative solutions, such as a community banking hub, should the closure go ahead. I have also called on the Government to engage with banks to ensure that essential in-person banking services remain accessible on our high streets.”
