Post Office financial services plan
By amtadmin • Dec 21st, 2009 • Category: NewsA new range of financial services provided through the Post Office could help to save branches under threat of closure.
Proposals include allowing the Post Office to provide current accounts, business accounts, children’s saving accounts and mortgages.
Access to accounts would by offered by all 11,500 Post Office branches – more branches than all the High Street banks combined. The plan would require investment of up to £1.7bn by 2011.
The changes would turn the Post Office into “a leading player in financial services”, said Lord Mandelson.
A public consultation on the proposals has been launched by Lord Mandelson and the consultation closes on 24 February.
To download full details of the proposals and the consultation documents, go to: Post Office consultation
amtadmin is bbbb
Email this author | All posts by amtadmin
