"Making the Post Office the "people's bank" could secure its future and help those not served by banks, a coalition of MPs and interest groups is arguing.
They are due to outline plans for a Post Bank, offering a wide range of financial services at its branches.
Unions say it would help those without bank accounts while business groups say it could create as many as 11,000 jobs.
Ministers, who want post offices to offer more products, "welcomed" the ideas being put forward."
Supporters of the Post Bank model want it to become a fully fledged "socially inclusive" alternative to commercial banks, serving more than 20 million customers every week.
Didn't we used to have banks like that ?
The Trustee Savings Bank, or TSB as it was commonly known, was a British financial institution which specialised in accepting savings deposits from the poor. They did not trade their shares on the stock market and, unlike mutually held building societies, depositors had no voting rights nor the ability to direct the financial and managerial goals of the organisation. Directors were appointed as trustees (hence the name) on a voluntary basis.
Whatever happened to them ?
In 1995, the TSB merged with Lloyds Bank to form Lloyds TSB.
Oh. I must say, I'm not sure what services the rump of what used to be the Post Office Savings Bank still offer. But I do think you can save with them. A British 'National' organisation run by a German company with the back-office jobs in Madras (aka Chennai) - what's not to like for a Labour lefty ?
PS - the engineer came yesterday, and without testing announced it was the ADSL modem. One new ADSL modem and £44 later I still have no ADSL signal. La lotta continua.