Post Office Card Account

Debate between Steve Webb and Lord Beamish

Tuesday 16th December 2014 Commons Chamber

[Steve Webb]

My hon. Friend is right; 2010 marked a sea change in the attitude of central Government towards the Post Office. I pay tribute to him and to the all-party group for their work on this issue. I recall attending a meeting of that group. The coalition parties have shown persistently, in very concrete terms, their commitment to the post office network in a way that the previous Government did not.

[Mr Kevan Jones (North Durham) (Lab)]

I welcome the Minister’s statement. In my constituency, the local credit union uses the card accounts to allow people to deposit and access their cash. What discussions has he had with the Post Office about developing further services with local credit unions, such as jam jar accounts?

[Steve Webb]

I am grateful to the hon. Gentleman. We set great store by credit unions. As he knows, we have invested about £38 million in the credit union expansion project. Previous Government interventions in this space were well meaning but did not create a new sustainability for the credit union movement. [Interruption.] The hon. Member for Bishop Auckland (Helen Goodman), who is a former Minister, says, “Rubbish.” The previous Government put up money for loans, the money got lent, and the credit union was no more sustainable at the end of the process than it was at the start. We are taking a different approach whereby we are trying to ensure that there is an infrastructure that makes running a credit union cost-effective. We are also very open to the possibility of a link with the post office network.

Oral Answers to Questions

Debate between Steve Webb and Lord Beamish

Monday 14th June 2010 Commons Chamber

[Mr Kevan Jones (North Durham) (Lab)]

Many elderly people rely on services from local councils. Can the hon. Gentleman tell the House how the cuts imposed on Durham county council last week will affect, and reduce poverty for, pensioners in the county of Durham?

[Steve Webb]

The hon. Gentleman is quite right to point out that when public finances are tight, all sectors of society risk having services threatened in the way that he describes. One of the incoming Government’s concerns was the huge hole in the public finances, which a Labour Government would also have had to fill. It would be interesting to know which cuts he thinks should be made, because there has been a silence from the Labour party on that very subject.