Banking Services Bill Well Received 

 

The NFSP recently worked alongside Duncan Baker MP on the Banking Services (Post Offices) Bill which was presented to Parliament on 2 March 2021. The Bill seeks to ensure that banks are required to offer banking services for their customers, including the provision of cash via the post office network. The NFSP believes that if successful, this Bill would not only ensure access to cash for the local community when a local bank branch closes, but it would also strengthen the future of post office branches.

 

Thanks to NFSP members who contacted their local MPs, the Bill attracted great support, including high-profile co-sponsors such as Rt Hon Jeremy Hunt, Rt Hon Esther McVey, Sir Graham Brady, and Rt Hon Marion Fellows.

You can watch a video of the Bill being presented HERE and read a full transcript HERE.

 

The second reading of the Bill is expected to take place soon. This will give MPs the chance to debate details of the Bill.

For more information about the role post offices can play in maintaining people’s and businesses’ access to cash email communications@nfsp.org.uk.

 

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