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Budget Resolutions and Economic Situation

I would like to take this opportunity to thank the right hon. Gentleman for his service to the House as Chairman of the Treasury Committee. However, will he expand on the role that the post office network can play—there is a meeting about this later—in opening up the banking system to many people who are currently un-banked? That trusted brand could work in the basic banking sector, meeting the needs in local communities that have no outlets of any other financial institution. Perhaps more should be done to drive forward the concept of the post bank.