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Written question asked by Lord Myners (Labour), in the House of Lords. It was answered by Baroness Wilcox (Conservative) on Monday, 22 November 2010.


Post Office: Joint Ventures

Question
To ask Her Majesty’s Government what are the circumstances in which the Post Office can terminate its joint banking venture with the Bank of Ireland; and which department holds responsibility for this venture.
Answer

The Joint Banking Venture between the Post Office and the Bank of Ireland is a commercial agreement between those two parties. As such it is not appropriate to disclose details of this arrangement. The Government's 100 per cent shareholding in Post Office Ltd is managed by the Shareholder Executive within the Department for Business, Innovation and Skills.


Secondary information

Type
Written question
Reference
4045; 722 c286WA
Session
2010-12
Subjects
Bank services Bank of Ireland Post Office
Link
View this Written question on www.publications.parliament.uk