Banks: Closures and Shared Banking Hubs

Debate between Lord Herbert of South Downs and Baroness Penn

Thursday 27th April 2023 Lords Chamber

[Baroness Penn (Con)]

My Lords, a process has been put in place to allow communities to make the case through LINK for where they need access to further services, and there is a commitment that if something is deemed necessary, it will be implemented. The noble Lord is right that it is essential that the interests of consumers are properly considered in all areas of financial services. There is the new consumer duty, which is due to be implemented later this year and will take forward some of his suggestions.

[Lord Herbert of South Downs (Con)]

My Lords, in contrast to my noble friend Lord Cormack, I do not know what a cheque is; I thought it was something one received in a restaurant in the United States. I do not carry cash and, in common with millions of people, I pay using contactless technology. Of course, some still need cash, including small businesses, but, as my noble friend says, is not the Post Office network a ready-made, available network for cash, which almost every business can use and is guaranteed in terms of proximity?

[Baroness Penn (Con)]

My noble friend is right about the breadth of the Post Office network, and I have talked about the high percentages of people who can access their everyday banking services through it. It is also geographically widespread; 93% of the UK’s population live within one mile of a post office and 99.7% within three miles of their nearest post office. There are other services that people need to be able to access, which is why it is important that we encourage banks to continue to innovate so that people can access the services in the way that is most appropriate for them.

Build Back Better Business Council

Debate between Lord Herbert of South Downs and Baroness Penn

Thursday 25th February 2021 Lords Chamber

[Baroness Penn (Con)]

While I have sympathy for the noble Lord’s reasons for raising his question, the Government do not intend to change the membership of the business council. It is to run for 12 months and we welcome the contributions of all its members.

[Lord Herbert of South Downs (Con)]

My Lords, sustainable development goal 3.3 states that the epidemics of AIDS, tuberculosis and malaria will end by 2030, which is in just 10 years. On the current trajectory, however, the tuberculosis epidemic will not be beaten for another 100 years and millions of lives will be lost as a consequence; in fact, 1.5 million lives are lost to the TB epidemic every year. What will the Government do to show global leadership, particularly in the context of the G7, so that other existing pandemics will be beaten, as well as the Covid pandemic?

[Baroness Penn (Con)]

My Lords, the noble Lord has highlighted an important issue. Global health security is one of the Foreign Secretary’s seven priorities for development and aid. Recovery from coronavirus and resilience against future pandemics is one of the UK’s priorities for the G7. Covid has demonstrated the importance of this, but we must not lose sight of the impact of other major diseases, including TB. The UK will continue to step up its support for global efforts to tackle it.