POST BANK

Early day motion 480, tabled 13 July 2010 by Jim Dobbin (Labour). Signed by 84 members.

That this House welcomes the commitment given to the Post Office in the Coalition Agreement document The Coalition: Our Programme for Government, to expand banking and financial services provided by the Post Office; notes the excellent work of the Post Bank Coalition in raising awareness of a more responsible approach to banking, especially by utilising the Post Office; further notes that the equivalent of one million of the UK's 4.8 million small firms are unhappy with their bank according to the FSB-ICM Voice of Small Business survey panel; further notes that a recent YouGov poll has found that 78 per cent. of people believe there is a need for a publicly-run bank; and calls on the Government to introduce a Post Bank that is solely-owned by the Post Office, to provide affordable access to finance for businesses and low income families as a priority.

Signatures by party: Labour 59, Liberal Democrat 11, Conservative 4, DUP 3, Plaid Cymru 3, Social Democratic and Labour Party 3, Scottish National Party 1.