Sheffield Labour welcome recent proposals from Government for a publicly-owned Post Office, or ‘People’s Bank’.
Since the economic downturn people do not seem to trust traditional high-street banks like they used to, unlike the Post Office which remains a trusted institution. Therefore, the government plans to expand the financial services on offer at the Post Office and create a ‘People’s Bank,’ allowing a wider access to financial services by the public.
Former Council Leader, Jan Wilson, said:
“I am happy to see that the Labour government have looked again at the real possibilities for the Post Office network and I certainly agree with this new vision for a People’s Bank.”
“People are fond of the Post Office because it has been around for years, providing good old fashioned face-to-face services and more often than not these are faces you know. Many people displayed their trust in the Post Office as a brand when moving their savings into its National Savings Account (NSA) due to the economic downturn and distrust in banks.”
Jan added:
“This show of support from the Labour Government now offers a double-hope in retaining the operations of Post Offices across the city. This fresh Labour initiative could mean a much brighter future for our Post Offices here in Sheffield and the rest of the country.”
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