Burt: Post Bank would help to save the Post Office

8.53.00am GMT Tue 17th Mar 2009

Commenting on the launch of a new coalition which is calling for a new ‘Post Bank’ to be set up and run as part of the post office network, Liberal Democrat Small Business Spokesperson, Lorely Burt said:

"With the credit crunch causing a loss of confidence in both banks and bankers, the time has never been better to create a Post Bank.

"Post Bank could offer safe, reliable banking services for business and individual customers alike through the large post office network.

"For the Post Office, Post Bank would expand its services, helping to put it back on a secure and profitable long term footing."