Early day motion tabled by primary sponsor Baroness Hoey (Labour), on Thursday, 3 December 2009, in the House of Commons. It is signed by 188 members in total.

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POST BANK

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.

Amendments

The Early day motion has received an amendment.

POST BANK (344A1)

The Early day motion has received an amendment sponsored by Ian McCartney (primary, Labour) and tabled on Monday, 7 December 2009. It has been signed by 11 members in total.

at end add `which includes credit unions as local, ethical providers of inclusive financial services with a natural synergy with the Post Office, and which should be a central part of any Post Bank.'.

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Secondary information

Type

Early day motion

Reference

344 

344A1 

Session

2009-10

Other sponsors

Lindsay Hoyle

Lynne Jones

Gordon Prentice

Jeremy Corbyn

Mike Weir

Subjects

Financial institutions

Link

View this Early day motion on www.parliament.uk