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Barclays Bank announces closure of Haverfordwest Branch

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BARCLAYS BANK has this week declared the impending closure of its Haverfordwest branch, situated prominently on the town’s High Street.

The closure, set for May 10 this year, marks another setback for the county town.

A spokesperson from Barclays revealed that the Haverfordwest branch serves only 32 regular customers who rely exclusively on this branch for their banking needs, avoiding digital or other interactions with the bank. This figure is contrasted by a broader trend showing less than 10 percent of transactions happening within branch premises, while over 90 percent are conducted digitally.

Highlighting the changing banking habits, the spokesperson noted, “As visits to branches continue to fall, with the majority of people preferring to bank online, we need to adapt to provide the best service for all our customers.” This statement reflects a nationwide shift towards digital banking, with Barclays reporting nearly four billion app logins annually and a digital customer base of 10.9 million.

Stephen Crabb MP said: “The decision by Barclays Bank to close its branch in Haverfordwest is a bitter blow for the town centre, and for the large number of customers who bank with Barclays locally. This is the last remaining Barclays branch in Pembrokeshire.”

“They have told me they will still have an active presence in the community via new and alternative physical presence”. I have no idea what that is supposed to mean, but it is pretty clear that the main banks are dead set on concentrating their branch operations at a small number of sites around the regions of the UK.

“I have requested an urgent meeting with Barclays Bank to discuss their decision, and what alternative provision they propose.

“The banks cannot be allowed to just walk away from communities who they decide are no longer worth servicing.

“One proposal the Government is keen to support is the idea of a Banking Hub which would enable customers with different banks to access branch services under one single roof. Several are being trialled around the country in locations where nearly all the bank branches have closed.”

News that Barclays Bank intends to close has been met with disappointment and frustration from local Senedd Member Paul Davies.

Mr Davies says he has received correspondence confirming that the closure is set to take place in May, following a decrease in customers using the branch.

Mr Davies said, “It’s really disappointing to hear that yet another bank branch will be closing in Pembrokeshire. Whilst I understand that the way in which many of us bank is very different these days, there are still customers that rely on a physical bank presence, and I will be seeking reassurances that customers will be able to access basic banking facilities in Haverfordwest.”

He also added, “Bank branches are also part of the social fabric of our local communities and this announcement is another blow to the town of Haverfordwest. Efforts must be made in the wake of this announcement to aid the regeneration of the town before it’s too late.”

County Councillor for the Castle Ward in Haverfordwest Tom Tudor said: “I think that the decision by Barclays Bank to close its branch in Haverfordwest is very sad news for our County Town, including sad news for all the loyal customers who bank with Barclays Bank.

“With this being the last remaining Barclays branch in Pembrokeshire, I am seeking an urgent meeting with Barclays Bank management for an alternative way ahead for this draconian management decision.”

In response to the closure, Barclays plans to introduce a ‘Barclays Local’ in Haverfordwest, a cashless banking site offering face-to-face support similar to traditional branches, without the need for extensive travel. The exact location is yet to be announced, following ongoing discussions with the local community.

Barclays Local, already operational in over 300 locations, offers diverse in-person services such as digital banking assistance, financial reviews, and transactions like balance checks and bill payments. These facilities are part of Barclays’ broader strategy to offer varied banking methods, including digital platforms, telephone, online, and video banking.

Customers will also have the option to conduct everyday transactions at any Post Office, with the nearest located at 14A Bridge Street. Additionally, the closest free-to-use ATM is situated at HSBC, 41 High Street.

This announcement coincides with similar concerns raised by Cardigan councillors regarding the closure of their local Barclays branch. The nearest alternatives for customers will now be in Carmarthen and Cardiff.

The bank assures that the closure process will adhere to regulatory obligations. Regular customers will be informed through letters, in-branch documentation, and staff assistance. Barclays also commits to proactive engagement with local businesses and the community to discuss alternative banking methods, along with offering virtual digital support sessions.

This move by Barclays is indicative of the broader banking industry’s pivot towards digital services, reflecting changing customer preferences and the evolving financial landscape.

Business

Tata Steel Sticks to job cut plans despite Welsh pressure

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IN an intense and pivotal meeting in Mumbai, Tata Steel firmly reiterated its decision to cut 2,800 jobs in the UK, primarily impacting the Port Talbot site, despite urgent appeals from Welsh First Minister Vaughan Gething. Mr. Gething, who recently met with senior executives, expressed his disappointment at the firm’s unwavering stance unless there’s a shift in the UK government.

Despite these challenging circumstances, the First Minister underscored his commitment to protect jobs and prevent compulsory redundancies across Welsh sites. This dialogue comes as Tata plans to close both blast furnaces at Port Talbot by September, replacing them with a greener electric arc furnace by summer 2025, which promises to preserve thousands of jobs and reduce CO2 emissions significantly.

The Welsh Conservative leader, Andrew RT Davies, criticised Mr. Gething’s approach, suggesting that while the UK government has offered substantial financial aid, the Welsh government has only funded the First Minister’s travel to India. He accused Mr. Gething of “globetrotting” at a time of domestic scrutiny over controversial donations to his Welsh Labour leadership campaign.

Mr. Gething defended his trip, stating, “How can I sit at home and not be here in Mumbai, fighting for thousands of workers’ jobs?” He highlighted the potential of a change in leadership, with UK Labour leader Sir Keir Starmer poised to possibly become the next Prime Minister, which he believes could usher in a new era of capital investment for the steel industry.

Amid the uncertainty of an upcoming general election, possibly scheduled between October and January, there is concern that any governmental changes may arrive too late to alter Tata’s current trajectory. Tata CEO TV Narendran described the discussions as productive but maintained the company’s strategic direction, emphasizing their commitment to a sustainable future in the UK steel industry.

The GMB union and members of the Community steelworkers’ union have voiced strong opposition, with recent votes favouring industrial action against the restructuring plans. Plaid Cymru’s economy spokesman, Luke Fletcher, has called for the nationalisation of the steel industry, labeling Tata’s current worker treatment as “appalling.”

Meanwhile, both parties acknowledged areas of mutual benefit, such as potential investments around Port Talbot and collaborations with Welsh universities on green steel production. The First Minister also highlighted opportunities linked to the Global Centre of Rail Excellence near Neath, with Tata considering a formal agreement.

As Mr. Gething returns from Mumbai, the situation remains tense, with the future of many steelworkers hanging in the balance and the Welsh and UK governments at odds over the best course of action to mitigate job losses and transition to sustainable steel production.

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Business

Port welcomes first vessel to new workboat pontoons

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PEMBROKE PORT, which is owned and operated by the Port of Milford Haven, has welcomed the first customer to its new workboat pontoons. Installed as part of the Pembroke Dock Marine project to modernise the Port’s infrastructure, the pontoons are available for use by a range of vessels including workboats, barges and other small vessels.

CRC Sentinel, a dive support vessel owned by Commercial Rib Charter which is undertaking work on the Milford Haven Waterway, was the first to use the new pontoons.

Sharon Adams, Commercial Manager for Pembroke Port commented: “It’s great to see these new assets being utilised. Pembroke Port is perfectly positioned within the Port of Milford Haven to act as a hub for operations associated with marine activity taking place within the Port and the Celtic Sea. The pontoons are available for short and long term berthing and have secure access, as well as electricity and water hook ups.

The workboat pontoons compliment the other infrastructure upgrades we made as part of the Pembroke Dock Marine project including new laydown space and an expanded slipway.

We look forward to working with our existing customers, and welcoming new ones, to use the new facilities at Pembroke Port.”

The new infrastructure at Pembroke Port forms part of the Pembroke Dock Marine project to create a world-class energy and engineering centre of excellence and act as a focal point for capturing the economic value from wind, wave, and tidal renewable energy projects.

Alongside the Port’s own investment, Pembroke Dock Marine – a Swansea Bay City Deal project – is part funded by the UK Government and the European Regional Development Fund through the Welsh Government as well as other private sector partners.

During construction, the project supported over 50 jobs including 6 apprenticeships. Contractors BAM, Walters Group and R&M Williams undertook community activity during the project, with the local community benefiting from over £11m local spend.

For further details on the facilities at Pembroke Port, and how the Pembroke Dock Marine investments have readied Pembroke Port for future energy, please visit www.pembrokeport.com.

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Business

Last Call for Entries: Carmarthenshire Business Awards

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BUSINESSES throughout Carmarthenshire are urged to submit their nominations for the prestigious Carmarthenshire Business Awards as the deadline of 17th May 2024 rapidly approaches.

Organised by Grapevine Event Management, these awards are set to recognise and celebrate the outstanding contributions and achievements of local enterprises across a variety of sectors. With the nomination process ending in less than two weeks, businesses and individuals from across the county are invited to take advantage of the opportunity for recognition by entering one of the 15 award categories.

The winners will be unveiled during a glamorous black-tie event at Parc y Scarlets on 12th July, attended by the crème de la crème of Carmarthenshire’s business community.

Liz Brookes, the founder of the awards and director at Grapevine Event Management, expressed her enthusiasm about the high quality of entries received so far. “We are thrilled with the response and the calibre of organisations that have entered. This is the final call for entries; it’s time to ensure your business and its contributions are recognised,” she stated.

Rupert Moon, chair of the judges, highlighted the significance of the awards in promoting local businesses. “Carmarthenshire boasts a range of fantastic businesses. These awards are not just a celebration but a platform to highlight significant achievements in innovation, sustainability, growth, and export success among others,” Moon commented.

Support for the event is strong, with notable local companies such as Castell Howell Ltd leading as headline sponsors. “Supporting local business is essential for Carmarthenshire’s prosperity. These awards are a fantastic opportunity for businesses to gain the recognition they deserve,” said Martin Jones, Director of Castell Howell.

Additional sponsors include Swansea Building Society, Dunbia, Azets, JCP Solicitors, JG HR Solutions Ltd, Business News Wales, and Stills, all contributing to the event’s success.

For more information on how to enter the Carmarthenshire Business Awards, or to register before the 17th May deadline, please visit https://carmsbusinessawards.com/.

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