Sat.Apr 23, 2022

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Scilly residents face paying hundreds to visit the bank as last branch closes

TheGuardian

Lloyds is to close the Isles’ last branch meaning the nearest bank will be 44 miles and a ferry ride away For many, the ferry ride between Cornwall and the Isles of Scilly marks the beginning of a relaxing weekend away. For residents of the islands wanting to visit their nearest bank, it’s about to become an expensive necessity. Lloyds, which ran the Isles’ last remaining branch, is about to close the site on the island of St Mary’s because of a persistent fall in customer numbers.

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Bank bosses’ optimism darkens as war follows on the heels of Covid

TheGuardian

Last year’s hopes of a return to normal will largely be absent from this week’s downbeat set of UK lenders’ results British banks that took 2021’s bumper profits as a sign of better things to come will be bracing themselves for disappointment this week. With the Covid pandemic waning, 2022 was meant to mark the slow return to normal: a rebound in international travel, economic growth, and interest rates up from record lows.

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