Harringay online

Harringay, Haringey - So Good they Spelt it Twice!

Santander Green Lanes is closing..

Just got a letter in the post telling me that our local Santander branch is closing at the end of June. 

For anyone who banks in person or runs a business, this coupled with the impending closure Post Office is going to be a real blow 

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Permalink Reply by Michael Anderson on March 10, 2017 at 8:02
There are are still an awful lot of people who don't use (or can't use) online banking. Next time you're passing NatWest in Wood Green pop in and look at the queues. By the way, lots of bank branches have closed over the last 5 or so years and I personally haven't seen a penny of their "recapitalisation" come my way.
Permalink Reply by kotkas on March 10, 2017 at 12:35
I agree - but that is a dwindling proportion of individuals and frankly what you see in branches is a very small sample of people. No doubt there are vulnerable customers out there in less connected areas that need branches more than Londoners do. Moreover, there are alternative formats banks can follow - i.e. Embedded in retail stores post offices etc. Insofar as benefits flowing back to consumers - recapitalisation has nothing to do with this - banks are required by regulators to retain more of their profits in order to boost their ability to withstand financial crises. Once these ratios are satisfied the cost cutting will probably abate and with some much needed pressure from the FCA banks will start offering more competitive terms to clients. Can't guarantee it but the regulatory mood music is very much in favour of competition and improved customer outcomes.
Permalink Reply by Pat Devereaux on March 10, 2017 at 0:11

Has HSBC also sent out a notice? I saw Catherine West was appealing to them not to close recently. Well this is interesting. So how is the HDV going to regenerate business in Green Lanes? New empty buildings when shopping malls are already being killed off by online shopping....

Permalink Reply by Charlotte A on March 10, 2017 at 6:25
HSBC in Wood Green? If so, yes.
Permalink Reply by matt on March 10, 2017 at 8:37
Sir Stuart Rose on Today this morning saying that bricks & mortar business is flat-lining, in real trouble and that it will continue to get worse as we all increasingly buy from warehouses next to the Port of Felixstowe (ie. on line) or as my kids do, direct from overseas (not even a UK middle person involved). So we end up with a local high st of kebabs, coffee, specialist high priced food stuffs, bars, the odd travel package place & charity shops ...

Btw, UK consumers are the biggest on-line buyers in the world (as % of overall consumption) so we are possibly showing the rest of the world the future of retail.

The way technology is used by younger people also gives pointers to some changes; they don't bother with landline phone connections or personal desk top computers as their mobile does all this. They're not that interested in purchasing their own car either etc. ... Huge implications for businesses currently dealing with those trends. Reason for BT Mobile and BMW idrive e.g.
Permalink Reply by John McMullan on March 10, 2017 at 10:38

I see a lot of young women getting driving lessons and anecdotally this is to avoid the attentionharassment they get on public transport.

Anyway, back to Sir Stuart Rose's comments. If we all stay inside and shop online with no reason to visit the high street then we lose the contact with neighbours (I got to chat to three different ones on my journey up the ladder on Monday evening) and the shopkeepers. It is not inevitable that this happens but they're trying it on and if we just roll over and accept it we'll be poorer for it in the long run, even those of us who don't support "first they came for the gypsies" local bank branches/post offices.

Permalink Reply by Charlotte A on March 10, 2017 at 10:50

Millennials don't care about that - they replace the interaction with real people in shops with online interaction which they can do whilst waiting for their Amazon Prime Now delivery.  Why go to the shop when you can get it delivered within an hour? 

Permalink Reply by John McMullan on March 10, 2017 at 11:24

They'll be interacting with software soon and not even realising it. Millennials are stuck inside houses around here compared to my youth. The neighbourhood is just for getting safely to the tube station before one of the paedophiles catches you. Sad.

Permalink Reply by Shamir Sidhu on March 12, 2017 at 23:46

Post office and the the bank maybe closing but a branch of MoreYoga will be opening. To bring some zen to the area. 

Coming to the closed  Betfred in between the two hopefully in around 6-8 weeks depending on the application to change the use with the council.

Permalink Reply by Seda Sokmen Altindag on March 13, 2017 at 12:56

I have signed and am campaigning for the post office too, but I have also been asked to start a petition for the Santander Harringay branch not to be closed down.

If anyone is willing to sign this petition against the closure it would be greatly appreciated:

https://www.change.org/p/banco-santander-ask-santander-not-to-close...

Thanks 

Permalink Reply by Gordon T on March 24, 2017 at 11:18

More bank closures: but NatWest Wood Green, Crouch End and Holloway Rd branches will not be closed as part of the RBS/Natwest branch closures announced today - 30 London branches to go, including Stamford Hill, and Highbury & Islington (near the station).

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