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Amendment of the Law

Part of the debate – in the House of Commons at 12:52 pm on 19th March 2015.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 12:52 pm, 19th March 2015

The hon. Gentleman is absolutely right to say that that is a very retrograde step. The Economic Secretary and I have had discussions with the banks about how to deal with that problem, and about how to mobilise the post office network—under this Government, it has been saved and stabilised—to provide an alternative. I am not absolutely certain, but I hope that an announcement will be made within the next few days to protect the position of the last bank in the village.