A NEW report by a think tank has assessed the potential of a public development bank for Wales to boost lending to firms and promote economic development locally.
The report by the Public Policy Institute for Wales describes evidence that ‘bank branch closures are having a negative impact on individuals and businesses in Wales, but more specific research is need to ascertain what impact bank branch closures is having on individuals and communities. Finding out the extent to which vulnerable areas are affected by bank branch closures can also help identify which specific services can be provided in the future.’
The report states: “However, even the most extensive public banking model, opening community banks would not be able to replace the branches that have been closed in Wales in recent years.”
On ways to protect banking services it comments: “A public development bank is potentially useful option, but not a guaranteed solution.”
Plaid Cymru Mid and West AM Simon Thomas said: “We need action from Governments in Westminster and Wales on bank branch closures.
“It is unacceptable that the bank network is being stripped from rural Wales. We cannot have a gap in the banking services available to rural and urban Wales.
“Plaid Cymru’s Westminster leader Liz Saville Roberts has called for a change in the law to protect the last bank in town. We are now seeing often in our communities from Llandysul to Llanidloes towns left without a bank.
“While bank branches are expensive to maintain and are used by fewer people in the past they are still an important resource. The report highlights research by the Federation of Small Businesses that bank branch closures affect small businesses in rural communities, as they are more likely to require cash purchases than in urban areas.
“High street banks have a duty to consult effectively with the local community over closures. While banks are private companies making commercial decisions, in effect access to banking is essential for modern life and participating in democracy.”
“The Labour Government in Cardiff Bay should be looking at how other financial institutions like Finance Wales and credit unions have a role to play. Other ways to protect banking services for small businesses and individual customers like developing the services provided by the Post Office will be hampered by the closure programme of successive Westminster governments of different political colours.”
The report identifies problems with lending to small and medium sized businesses, automation has made banks more geographically and operationally distant from small businesses.
Bank closures contribute to this problem according to the Federation of Small Businesses.
Mike Cherry, FSB National Chairman, said: “The rapid pace of bank branch closures across the UK presents some very real and tough challenges for small businesses. FSB members highly value the face-to-face interaction they receive in-branch, particularly when making complex financial transactions, with staff who often have a greater understanding of their business and the local economy. In addition, many of our members deal heavily in cash and cheques and need access to over-the-counter banking facilities on a regular basis.
“Small businesses are keen to embrace the opportunities of the digital economy. However, barriers towards digital inclusion, such as unreliable broadband connectivity, and a lack of confidence in using digital services creates serious challenges. These are some of the reasons which explain why the protection of in-branch banking is so important for financial inclusion.”
Large banks were three times more likely to shut a branch in Wales than in London and the south east of England, and five of the top ten areas affected by the 600 branch closures in Britain in 2015-2016 were in Wales – Powys, Denbighshire, Gwynedd, Conwy, and Carmarthenshire.
The FUW is particularly concerned as internet banking is not always an option in rural areas; many people will not have an appropriate internet connection- if they have a connection at all, and especially the elderly may not be familiar with IT and the process of doing their banking online.
Speaking earlier this summer, FUW President Glyn Roberts said: “The closure of rural banks has a detrimental effect on rural areas, as they serve not only villages and small towns but many of the neighbourhoods in surrounding areas, as well as providing employment to local people.
“Closures are a great loss to residents and local businesses, particularly the elderly or residents who are unable to travel to the nearest town. The closures will of course also affect small businesses, as they will have to travel further afield for their banking needs.
“In addition, internet banking is not always an option in rural areas; many people will not have an appropriate internet connection if they have a connection at all, and especially the elderly may not be familiar with IT and the process of doing their banking online.
“For many telephone banking is impractical, as they prefer to deal with their personal finances on a one-to-one basis and mobile banking is limited in many rural areas. It is worth considering as well that some people may not be able to get to mobile banks during the short time they are present in villages.
“With more and more rural services and businesses being closed down, we must also acknowledge that it is becoming less and less attractive for young families and indeed business owners to remain in the countryside.
“If the problem of rural depopulation is not addressed with some urgency it could have severe consequences for our rural communities and with that also our rural economy.
“It is clear that if we want to ensure that Wales develops its full potential in being a rural economic powerhouse, we must make it attractive for working families to stay and also encourage vital services like business banking to remain available in our countryside.
“The provision of acceptable broadband services is an increasingly critical part of meeting the needs of rural Wales.”
A report from the British Infrastructure Group found nearly a quarter of Welsh constituencies appear in the worst 20 constituencies in the whole of the UK for broadband speed.
First Minister calls for a second EU referendum
THE FIRST MINISTER of Wales, Mark Drakeford, has called for a second EU referendum in response to the imminent change in Conservative leadership.
After the results of the European Parliamentary Elections were announced, Mr Drakeford issued a statement, saying: “I warmly congratulate Jackie Jones on her election as a member of the European Parliament. Jackie, along with Matthew [Dorrance], Mary [Wimbury] and Mark [Whitcutt] served our party as candidates in what has been the most challenging of circumstances.
“Ever since the referendum in 2016, the Welsh Government has respected the result by arguing for a form of Brexit which would protect Welsh jobs and our economy. Labour colleagues in Westminster have done the same, most recently in negotiations with the UK Government.
“The election of a new Conservative leader changes all of that. It eliminates the chances of any agreed form of Brexit and it hugely increases the very real danger of a catastrophic no-deal exit from the EU. We cannot and will not stand by while that takes place.
“Faced with the damage of a hardline Tory Brexit, Welsh Labour believes that the final decision must be made by the public in a referendum. And, for the avoidance of any doubt, a Welsh Labour Government would campaign, in such a vote, for Wales to remain in the EU.
“We will work with any others who seek the same outcome.”
Last Thursday (May 24), Prime Minister Theresa May announced that she will quit as leader of the Conservatives on June 7, with it thought that a new leader could be in place by the end of July.
Many believe the party will elect a right wing leader who would be willing to propose a no deal Brexit, although there has been a majority against that option when Parliament voted on it before. Brexit policy was also key to the European Parliamentary Elections, where the Labour Party failed to attract votes, with its lead candidate Jackie Jones narrowly taking the final MEP seat in Wales.
The party claimed just 15.3% of the vote in Wales and 14.1% UK wide, with many pointing at the party’s indecision regarding its stance over Brexit as the reason for the loss of voters.
Leader of the Labour Party, Jeremy Corbyn, has been criticised by many in his party over his reluctance to openly support another referendum, as he attempted to appease both remain and leave voters with his Brexit policy. Mr Drakeford had been similarly reluctant to definitively back another referendum, but with this statement has gained the support of many in the party who wish for a second vote.
The European election results were also poor for the Conservatives, getting just 6.5% of the vote in Wales, and 9.09% across the UK. Governments often perform poorly in European elections, as the public express their disappointment with the ruling party, but this was the Conservatives’ worst ever result in a nationwide election by some way.
The party did not manage to come first in a single council area. The Brexit Party gained 32.5% of the vote in Wales, with Nathan Gill and James Wells claiming two of the country’s four MEP seats for Nigel Farage’s party. Plaid Cymru won 19.6% of the vote, with Jill Evans retaining her seat as Plaid beat Labour for the first time in a Wales-wide vote.
Andrew RT Davies, AM for South Wales Central and former leader of the Welsh Conservative Party, said: “The European Elections proved extremely difficult for the two major parties, but a second referendum is certainly not the answer. Labour promised to respect the Brexit vote, but rerunning the referendum would completely tear up this pledge.
“Regrettably, the First Minister has buckled at the first sign of discontent from his Labour colleagues who have been in denial ever since the people of Wales voted to leave the European Union back in 2016. That’s not leadership.
“People in Wales voted to leave and that should be respected and now delivered – anything else will have severe consequences for democracy as we know it in this country.”
In the 2016 referendum, Wales saw a turnout of 71.7% of its eligible voters, with 52.53% voting to leave and 47.47% voting to remain.
Mixed reactions in Wales to the dramatic European Election Results
THE BREXIT PARTY has dominated in Wales, winning 32.5% of the vote, two of the nation’s four MEPs and coming top in 19 of 22 council areas.
Nigel Farage’s party won an unprecedented triumph for a six-week-old political party.
The Brexit Party has thumped the traditional two parties in Wales who both have suffered a huge collapse in their vote.
Nathan Gill (Pictured) looked triumphant at the count in Haverfordwest posing for the press with a Winston Churchill V for victory, and demanding that his party was not a flash in the pan, but here to stay until Brexit was delivered.
Leader of the Welsh Conservatives, Paul Davies AM, said: “These results are extremely disappointing for our hard-working candidates and the Party must now reflect long and hard on them.
“Here in Wales, Welsh Conservatives will continue their hard work in the National Assembly holding the Welsh Government to account and will welcome a healthy campaign in the run-up to the next Assembly elections in 2021.”
Labour’s Vaughan Gething AM said: “The results in Wales show that in Welsh Labour we have some questions to ask ourselves. Pro-referendum and remain parties gained more votes than leave parties.
“The room for a middle of the road approach has disappeared & attempting more of the same will not serve us or Wales well.”
Mark Drakeford congratulated Jackie Jones on retaining the party’s seat.
He warned that the election of a new Conservative leader would increase the chances of a “catastrophic no-deal exit from the EU”.
“Faced with the damage of a hard-line, Tory Brexit, Welsh Labour believes that the final decision must be made by the public in a referendum.
“And, for the avoidance of any doubt, a Welsh Labour government would campaign, in such a vote, for Wales to remain in the EU,” he said on social media.
Ex-Welsh Government minister Alun Davies blamed the huge drop Labour in Labour support on both Mr Drakeford and the party’s UK leader, Jeremy Corbyn.
“This is the reality we face. Poor leadership from London and no leadership from Wales,” he said
The result in Wales was a significant change on 2014 when Labour won 28.15% of the vote and Ukip 27.55%. Then, the Tories were third with 17.43% and Plaid Cymru came fourth with 15.26%.
Turnout across Wales this year was up on 2014 at 37.29%, compared to 32% five years ago.
Wales’s MEPs are now Nathan Lee Gill (The Brexit Party), James Wells (The Brexit Party), Jill Evans (Plaid Cymru – Party of Wales) and Jacqueline Jones (We;sh Labour).
Welsh Liberal Democrat Leader Jane Dodds has praised the party’s success in the European elections, claiming they’re a clear example of the Welsh Liberal Democrat fightback.
Welsh Liberal Democrats won 13.6% of the vote, enough to secure 4thplace, but not enough to win a seat. The Liberal Democrats are on course to finish 2nd across the UK.
The Brexit Party were the largest party in Wales, their 32.5% of the vote was enough to win the 1st and 3rd seats, whilst Plaid Cymru won the 2ndseat with 19.6% of the vote and Labour the 4th seat with 15.3% of the vote.
Incredibly, the Conservatives finished 5th meaning Labour and the Conservatives won only 21.8% of the vote between them. The Green Party finished 6th.
Jane Dodds said told The Herald: “I’m proud of the entire Welsh Liberal Democrat team that allowed us to secure this successful result. We have secured our best ever European election result and our best result in Wales since 2010. To finish 4th and come close to electing Wales’ first ever Welsh Liberal Democrat MEP is a real achievement.
“We achieved this result because of our longstanding, unambiguous and passionate campaign to stop Brexit. Poll after poll has repeatedly shown that the Welsh people want to be given the final say and the opportunity to choose an Exit from Brexit. We stood up for them and we have been rewarded.
“It is deeply disappointing the Brexit Party have won two seats in Wales, particularly since their share of the vote was less than the combined vote share of us, Plaid Cymru and the Greens – the three pro-remain parties. We will continue to oppose the Brexit Party and all they stand for with all our might.
“Labour and the Conservatives must take a long, hard look at these disastrous results. They’re supposed to be the two leading parties. Yet in Wales and across the UK they’ve seen their share of the vote plummet. They have been punished for their incompetence and their attempts to deliver Brexit.
“This result shows the Welsh Liberal Democrat fightback is in full effect. Voters are listening to us again, supporting us again and believing in us again. These results show we’re on course to return a strong and effective Welsh Liberal Democrat Assembly Group in 2021.”
Political organisation Wales For Europe suggested that the results show a swing towards remain.
A spokesman told The Herald: “On the balance of votes across all parties, pro-Europeans have won.
“The Brexit parties have lost.
“The result is yet more evidence that over the past three years Wales has changed its mind on Brexit, as has the UK as a whole.
“It confirms polling evidence that if there were a referendum tomorrow, Wales would now vote Remain. The case for a new referendum remains strong.
“But there is no room for complacency, especially in a situation where the Tory leadership election is likely to increase sharply the risks to the country, not least to Wales.
“We still have a real fight on our hands against a nasty populism that seems to be endemic across the Western world.
Despite the passionate effort of many activists, the pro-EU side did not cover itself in glory in this campaign. In any new referendum – which must remain the key goal – victory will only be won by an effective, unified cross-party campaign.
“The result also sends a clear message to Labour’s UK leadership: it now has every reason urgently to adopt a more robust line and to proclaim it clearly and loudly. The leadership in Wales has even more reason to use its influence to ensure there is no delay.”
THE RESULTS –
Vote totals and share
Brexit Party – 271,404 – 32.5%
Plaid Cymru – 163,928 – 19.6%
Labour – 127,833 – 15.3%
Lib Dems – 113,885 – 13.6%
Conservatives – 54,587 – 6.5%
Green – 52,660 – 6.3%
UKIP – 27,566 – 3.3%
Change UK – 24,332 – 2.9%
• Brexit Party: 38.1%
• Plaid Cymru: 15.6%
• Lib Dems: 12.2%
• Labour: 11.2%
• Conservative: 10.0%
• Green: 7.0%
• Brexit Party: 32.8%
• Plaid: 31.1%
• Labour: 12.5%
• Lib Dems: 7.8%
• Green Party: 4.9%
• Conservative Party: 4.9%
• Ukip: 3.2%
• Change UK: 2.7%
• Plaid Cymru: 37.2%
• Brexit Party: 32.9%
• Lib Dems: 16.3%
• Green Party: 6.8%
• Labour: 5.1%
• Conservatives: 3.7%
• Ukip: 2.4%
• Change UK: 1.4%
Government acts on porn access
THE UK will become the first country in the world to bring in age-verification for online pornography when the measures come into force on July 15, 2019.
It means that commercial providers of online pornography will be required by law to carry out robust age-verification checks on users, to ensure that they are 18 or over. The move is backed by 88% of UK parents with children aged 7-17, who agree there should be robust age-verification controls in place to stop children seeing pornography online.
Websites that fail to implement age-verification technology face having payment services withdrawn or being blocked for UK users.
The British Board of Film Classification (BBFC) will be responsible for ensuring compliance with the new laws. They have confirmed that they will begin enforcement on 15 July, following an implementation period to allow websites time to comply with the new standards.
UK Minister for Digital Margot James said: “Adult content is currently far too easy for children to access online. The introduction of mandatory age-verification is a world-first, and we’ve taken the time to balance privacy concerns with the need to protect children from inappropriate content. We want the UK to be the safest place in the world to be online, and these new laws will help us achieve this.”
Government has listened carefully to privacy concerns and is clear that age-verification arrangements should only be concerned with verifying age, not identity. In addition to the requirement for all age-verification providers to comply with General Data Protection Regulation (GDPR) standards, the BBFC have created a voluntary certification scheme, the Age-verification Certificate (AVC), which will assess the data security standards of AV providers. The AVC has been developed in cooperation with industry, with input from the government.
Certified age-verification solutions which offer these robust data protection conditions will be certified following an independent assessment and will carry the BBFC’s new green ‘AV’ symbol. Details will also be published on the BBFC’s age-verification website, ageverificationregulator.comso consumers can make an informed choice between age-verification providers.
BBFC Chief Executive David Austin said: “The introduction of age-verification to restrict access to commercial pornographic websites to adults is a groundbreaking child protection measure. Age-verification will help prevent children from accessing pornographic content online and means the UK is leading the way in internet safety.
“On entry into force, consumers will be able to identify that an age-verification provider has met rigorous security and data checks if they carry the BBFC’s new green ‘AV’ symbol.”
The change in the law is part of the Government’s commitment to making the UK the safest place in the world to be online, especially for children. It follows last week’s publication of the Online Harms White Paper which set out clear responsibilities for tech companies to keep UK citizens safe online, how these responsibilities should be met and what would happen if they are not.
CEO of Internet Matters Carolyn Bunting said: “We are delighted to see the government tackling the issue of online pornography. Children seeing online content for which they’re not emotionally ready can be very damaging, especially if they don’t speak out about it.
“While our research shows that parents overwhelmingly support age-verification and are confident it will make a difference, we must recognise that digital solutions aren’t the only answer and parents can’t become complacent about their child’s digital world.
“There is no substitute to having regular and honest conversations with your child about what they’re getting up to online, establishing an open dialogue about their digital life from a young age.”
Will Gardner, CEO of Childnet said: “We hope that the introduction of this age-verification will help in protecting children, making it harder for young people to accidentally come across online pornography, as well as bringing in the same protections that we use offline to protect children from age-restricted goods or services.
“Talking to children is vital and education has a major part to play here, and we need to ensure all young people are given a platform to discuss the pressures they face online and have the skills to spot and understand the gap between perception and reality. We are releasing a new extended PSHE toolkit later this month to address the issue of online pornography along with related topics of body image and healthy relationships.
“We know that conversations with young people, parents and carers and teachers are paramount to giving children the information, support and skills that they need.”
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