Cerberus Capital Management: Purchase of Distressed Assets

Debate between Albert Owen and Danny Kinahan

Wednesday 22nd February 2017 Westminster Hall

[Danny Kinahan (South Antrim) (UUP)]

Will the hon. Gentleman give way?

[Albert Owen (in the Chair)]

Order. The hon. Gentleman has finished speaking. I will call the Minister, who may want to give way to you.

Backbench Business

Debate between Albert Owen and Danny Kinahan

Thursday 17th November 2016 Westminster Hall

[Danny Kinahan (South Antrim) (UUP)]

I congratulate the hon. Member for Luton North (Kelvin Hopkins) on raising this matter.

I apologise for being slightly parochial, but in Northern Ireland there are some 500 post offices, and we are going through exactly the same problems. A recent report commissioned by the Government and carried out by YouGov and London Economics looked at the social value of the Post Office. From the survey, they found that 95% of individuals and nearly 90% of small and medium-sized enterprises used post offices at least once a year; but there is much more to it. The people who use them like using them. In the street as I was walking here, I met two people from the west country, and we discussed the fact that I would be speaking in the debate. They were senior citizens—elderly; they said they did not want to go digital. They like the community hub that works around the post office, and said please would I stand up for that.

I have twice spoken on this subject at Stormont. I was there only five years, and as a new boy it was almost the first thing I spoke about. There was a document about the six steps to save the post office; they included banking, broadband and working with everyone. It was a fantastic idea and everyone supported it, but it seemed to be ignored. At the end of my time there, it came up again. The point I was trying to make, which has already been made by others, was that as well as thinking of every post office as a centre of the community we should also look at the losses to villages, towns and parts of cities where the library, pub and bank have gone and the school has closed. We should start to work with councils, parish councils and whatever community bodies are there, to identify the places that we must save, which are the community hub and the post office. Rather than let decisions about those things be made without talking to others, let us work through them and try to hold everything together. If subsidies are needed— I think that was an excellent idea—let us try to get that to happen.

We can all learn from each other, including Members from Northern Ireland and Scotland—all the devolved Governments. Let us try to find policies that will pull things together, so that the Post Office must talk to us before it starts closures and we can work out how to save a town’s post office. My post office in Antrim has been having a battle to find a place to go. The chemist and the local retail shop turned it down. By the time a decision was made, everyone thought the post office was closing, and the figures had gone down; so those concerned did not want it, because it was not going to bring anything. We need to talk before the news gets out and causes such a reaction.

[Albert Owen]

That is absolutely right. Llangefni in my constituency put a petition before Parliament. We won the argument; those concerned agreed with us then. However, the Post Office has come back with the same proposal to close the same Crown post offices. It is not listening.

[Danny Kinahan]

That is exactly the point; the Post Office is not listening, but it needs to. At least it has put a consultation out, in our case; but it should listen before decisions are made. I make my plea—let us all talk to each other, consider towns and the centres of communities, and work together.