WEIR BACKS POST BANK PROPOSALS.

WEIR BACKS POST BANK PROPOSALS.

SNP Postal Affairs spokesperson, Mike Weir MP, has backed the campaign for the creation of Post Banks.
The Post Bank concept is backed by organisations as diverse as the Federation of Small Business, New Economics Foundation and the Communications Workers Union as well as from members across all political parties. It is a system that exists in other European countries.Commenting on the move Mr Weir said the concept of a Post Bank offered a chance for local post offices to extend services and offer financial services to many excluded from the larger banks.
Mr Weir said:

“The closure programme has decimated the number of Post Offices across the country. In many of these communities the “traditional” banks have also long since gone.

“We need to look to the future and see how new services can be introduced at the remaining post offices to build on the network for the future and also to provide much needed financial services.

“In many communities small businesses are finding it increasingly difficult to get finance from the large banks, despite the fact that they are now largely owned by the taxpayer. It is also clear that the large banks really do not always wish to engage with small savers and borrowers, their deals are all targeted at those who can deposit large sums every month.

“The Post Bank concept gives the opportunity to create a bank that will concentrate on small savers and small businesses, providing essential services in our communities.

“It is ironic that we are looking to recreate something that existed before it was sold off by the last Tory administration!”