Written question asked by Lord Cotter (Liberal Democrat) on Monday, 11 March 2002, in the House of Commons. It was due for an answer on Monday, 25 March 2002. It was answered by Malcolm Wicks (Labour) on Monday, 25 March 2002 on behalf of the Department for Work and Pensions.

Dept for Work and Pensions

Question: To ask the Secretary of State for Work and Pensions, what funding the Government has secured from the main lending banks in order to finance the Universal Bank project. - Includes figure.

Answer: Brian Cotter: To ask the Secretary of State for Work and Pensions what funding the Government have secured from the main lending banks in order to finance the Universal Bank project. [43345] Malcolm Wicks: The main UK high street banks and the Nationwide Building Society have together agreed to contribute a total of £180 million over five years towards the costs of the new Post Office Card Account. They have also agreed to make their basic bank accounts accessible through post offices.

Secondary information

Type: Written question
Reference: 43345; 382 c641W;382 c639W
Session: 2001-02
Subjects: Bank services Banks Finance Post offices Social security benefits Automated credit transfer
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk