Skip To The Main Content

FSB on Scottish Affairs RBS branch closure report

The UK Government must use any influence it has as majority shareholder to pressure the Royal Bank of Scotland to reconsider plans to close 52 branches in Scotland, according to a new Scottish Affairs Committee report. 

Colin Borland, FSB’s head of devolved nations, said: “The committee rightly recognises that RBS branch closures will have an adverse impact on individuals and communities. The RBS closure programme will also make it more difficult to run a business in many parts of Scotland.  

“We are therefore pleased that the committee agrees with us that the UK Government should step in and get some value from its shareholding. Ministers must stop sitting on their hands and ask hard questions of the taxpayer-backed bank.”