Universal Bank

Trade and Industry written question – answered on 7th November 2001.

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Photo of Vincent Cable Vincent Cable Shadow Spokesperson (Trade and Industry), Liberal Democrat Spokesperson (Trade and Industry)

To ask the Secretary of State for Trade and Industry what the respective responsibilities are of her Department and the Department for Work and Pensions in relation to the universal bank.

Photo of Douglas Alexander Douglas Alexander Minister of State (e-Commerce & Competitiveness)

My right hon. Friend the Secretary of State for Work and Pensions is co-ordinating the work to modernise the payment of pensions, benefits and tax credits along with the introduction of universal banking services. The DTI retains shareholder responsibility for Consignia and responsibility for sponsorship of the post office network.

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