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Royal Bank of Scotland closure in Rothesay

Volume 638: debated on Wednesday 28 March 2018

Ten years ago, the people of the island of Bute, along with taxpayers from across the United Kingdom, were forced to bail out the Royal Bank of Scotland to the tune of almost £50 billion. Now, without any prior consultation with the people of Bute, RBS plans to close its branch in the town of Rothesay. Just before Christmas, I launched a petition on the island opposing the closure. The petition, which I present to the House today, has gathered hundreds of local people’s signatures. I want to put on the record my sincere thanks to those on Bute who pounded the streets in the depths of a Scottish winter to collect so many signatures, and I can assure them that I will continue to do everything I can to stop the closure of the Royal Bank of Scotland branch in Rothesay.

The petition states:

The petition of residents of the Isle of Bute,

Declares that proposed closure of the Rothesay branch of the publicly-owned Royal Bank of Scotland will have a detrimental effect on local and surrounding communities and the local economy.

The petitioners therefore request that the House of Commons urges Her Majesty’s Treasury, the Department for Business, Energy and Industrial Strategy and the Royal Bank of Scotland to take into account the concerns of petitioners and take whatever steps they can to halt the planned closure of this branch.

And the petitioners remain, etc.