Submission on Local Public Banking

Posted on: April 11th, 2017 by Louise Lennon

The impact of the recession and austerity budgets that followed is still being felt in many rural areas and have not seen the same level of economic growth or employment as more urban areas have over the past couple of years.┬áSmall and Medium sized companies are the backbone of rural areas and are a key employer. However, since the financial crash, a lack of credit circulating was the main factor affecting communities as SMEs in particular tried to survive the economic downturn. The closing of many rural bank branches compounded the feeling of abandonment by the banks in these communities………full submission available Here

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