Originally published in The Daily Telegraph
By Bruce Billson.
Banking is an essential service with a privileged position in the economy, and our small, family and farming businesses depend on having a close and reliable relationship with their bank. But when the bank leaves town, it can have a shocking effect on those businesses, jobs, liveability and prosperity.
Since 2017, there’s been a reduction in bank branches throughout Australia of one-third and the number of automatic teller machines has been cut by two-thirds.