Mandy Plans 'People's Banks' at the Post Office [Edition 2]

Daily MailFebruary 10, 2009

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Summary


POST offices would become banks offering everything from mortgages to debit cards under plans being championed by Lord Mandelson.

The Business Secretary wants the network of 12,000 branches to be turned into a national 'people's bank' that would fill the gap left by the crisis in banking.

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Extract


Mandy Plans 'People's Banks' at the Post Office [Edition 2]

The new role for the Post Office is designed to head off a major Labour revolt over the proposed privatisation of the R...

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