POST BANK

Early day motion 344, tabled 3 December 2009 by Baroness Hoey (Labour). Signed by 188 members.

That this House welcomes the Prime Minister's recent announcement on the extension of banking services offered through the Post Office; further welcomes the Government's consultation on providing such services; notes that proposals for a Post Office Bank present a unique opportunity to return trust to the banking sector by creating a fairer institution to tackle financial exclusion, boost the economy by lending to small businesses, improve the sustainability of the Post Office Network and re-establish a local bank in areas affected by bank closures; regrets however, the limited scope of the consultation, which will not cover the appropriate structure and funding model necessary for its delivery; further notes that the Business and Enterprise Select Committee urged the Government to review the current strategy for the delivery of financial services; and calls on the Government urgently to support the delivery of a Post Bank.

Signatures by party: Labour 117, Liberal Democrat 40, DUP 7, Conservative 6, Independent 5, Scottish National Party 5, Social Democratic and Labour Party 3, Plaid Cymru 2, Independent Labour 1, Respect 1, UUP 1.