“Yorkshire Faces Bank Branch Crisis: Lowest Ratio in the UK Amidst Widespread Closures” 2024-09-25

Yorkshire has been identified as having the lowest ratio of bank branches to residents in the UK, according to a report by the consumer group Which?. The study highlights a significant decline in banking facilities, with 6,161 branches closing since 2015, leaving some areas completely devoid of any banking services. Currently, the Yorkshire and the Humber region is served by just 248 bank branches for a population of 5.6 million, resulting in a ratio of only 4.4 branches per 100,000 people. This means that each resident in Yorkshire effectively shares their local branch with approximately 22,557 others, underscoring the challenges faced by residents in accessing banking services.

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Question 1: What recent finding did Which? report regarding bank branches in Yorkshire?

Which? reported that Yorkshire has the lowest ratio of bank branches to people in the UK, with only 4.4 branches for every 100,000 residents.

Question 2: How many bank branches have closed in the UK since 2015?

Since 2015, 6,161 bank branches have been shut across the UK.

Question 3: How many constituencies in Yorkshire are without a bank branch?

There are 30 constituencies in Yorkshire that do not have a single bank branch.

Question 4: What is the total population served by the remaining bank branches in Yorkshire?

The remaining 248 bank branches in Yorkshire serve a population of 5.6 million people.

Question 5: What does the ratio of bank branches to people imply for Yorkshire residents?

The ratio implies that each Yorkshire resident shares their bank branch with approximately 22,557 others, indicating a significant lack of access to banking services.