An Early Day Motion calling for government support of a Post Office Bank has received massive cross-party backing from MPs.
Currently the motion has been signed by 155 backbenchers from all parties. The campaign is backed by the Communication Workers Union (CWU).
According to MP Kate Hoey, who tabled the motion, a public-owned Post Bank would “tackle financial exclusion, boost he economy by lending to small businesses, improve the sustainability of the Post Office Network and re-establish a local bank in areas affected by bank closures”.
CWU assistant secretary Andy Furey welcomed the support but said that more needs to be done. “We need to get as many signatories as possible from right across the political spectrum and we’ve got to do this before the government consultation ends on February 24,” he said.
The CWU, in partnership with Unite, Federation of Small Businesses, National Pensioners Convention and independent think tanks NEF and PIRC, has been lobbying MPs and is submitting evidence to support the request for a Post Bank.
“With an election expected in late spring, we need to keep this issue high on the political agenda,” added Furey. “Post Bank must be an idea that none of our politicians can ignore.”