Lloyds Banking Group is to slash 3,000 jobs and close 200 branches across the country in response to an expected cut in interest rates in the wake of Brexit.

It is not yet known if the job losses and high street closures will affect the branches in Dursley, Thornbury and Yate.

The bank's Chipping Sodbury branch closed on Tuesday (July 26) as part of a previous raft of closures announced earlier this year.

A spokeswoman for the bank said details on which branches would close in the latest cuts were not yet known.

She said: “We haven’t got that level of detail yet.

“We are working through those plans at the moment and will announce specifics in the future.”

Lloyds is targeting £1.4billion in cost saving measures by the end of next year.

The cuts, which were part of a cost-cutting programme announced in 2014, have been extended as the bank targets £1.4 billion in savings by the end of 2017.

The Bank of England is widely expected to cut interest rates from 0.5 per cent to 0.25 per cent next week to help stabilise the economy following Britain’s decision to leave the European Union.

The Lloyds branch in Chipping Sodbury closed on Tuesday and its cash machine, one of only two on the High Street, is now boarded up despite pleas from local councillors and business leaders to keep it in use.

Ann Murray, who runs Cooking 4 cookery school in the town and uses Lloyds for business banking, said: "I think it is a bad thing that the bank is closing. It is another sign High Streets are struggling somewhat and it will cause inconvenience to people particularly businesses and elderly people. It will mean another journey to Yate."

There have been no compulsory job losses at the branch.