Cable responds to RBS cuts

Responding to the news that the Royal Bank of Scotland has announced it is to close 162 branches and cut 792 jobs across England and Wales, Leader of the Liberal Democrats, Vince Cable said: “The Conservatives seem to have forgotten about the ‘last bank in town’ pledge, where communities must have at least one bank or the local Post Office must take over its duties. Ministers must check that RBS has consulted the Post Office for these assurances.  “All this has happened because RBS dragged off and defaulted on its Williams & Glyn spin-off, another of the inglorious failures of its recent past.”