Jon Cruddas MP recently met with Barclays Bank to discuss their decision to close the Rainham Village branch on the 15th May, 2020. Jon Cruddas has expressed his concerns publicly regarding the forthcoming closure, stating that “with an ageing population we should be looking to preserve our face to face customer services. Moving to digital may be financially prudent, but when it’s at the expense of potentially hundreds of people in Rainham I simply can’t support it.”

 

Last week Jon Cruddas MP for Dagenham and Rainham was contacted by a representative of Barclays Bank regarding the proposed closure of the branch in Rainham Village on 15 May. 

In the last four years over 3,000 high street banks have closed across the country as the banking sector moves to a more digitised format, this includes over 480 branches of Barclays. Last year Barclays attempted to remove services from local Post Offices, a move that Jon Cruddas MP successfully challenged and overturned.

 

This week Jon Cruddas MP for Dagenham and Rainham has co-signed a letter to the Chief Executive of Barclays Bank, urging them to rethink a recent decision which would see constituents unable to withdraw cash from local Post Offices. 

Dagenham and Rainham MP Jon Cruddas today slammed Barclays bank for increasing the charges customers face when they find themselves overdrawn; which has led to some customers paying nearly 10% of their weekly income on overdraft fees.

Barclays bank currently charges 17.77% interest when customers are overdrawn however the bank plans to change this to a per day fee of 75 pence between balances of £16 and £1000.