Post Office

Part of Oral Answers to Questions — Business, Enterprise and Regulatory Reform – in the House of Commons at 10:30 am on 7th May 2009.

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Photo of Lindsay Hoyle Lindsay Hoyle Labour, Chorley 10:30 am, 7th May 2009

As a member of the Select Committee on Business and Enterprise, which has been challenged to come forward with a report on the future of the Post Office, I know that we all want it to have a sustainable and viable future that ensures that the network remains in its entirety. We should establish the community bank by using Northern Rock, which has branches throughout the country, in rural and urban areas. That community bank would then pose a real challenge to the high street banks. As he is well aware, the Post Office does not have a banking licence and to set up a bank would cost millions, but the Government already own a bank that my right hon. Friend could use, so will he consider that as a good vehicle for the way forward?

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