Is the People’s Bank on its way?

Posted on

Post Office told to cut Bank of Ireland ties as it expands banking services | Business | The Guardian .

The New Economics Foundation has campaigned for some time for a People's Bank, and I have supported it in doing so.

Now it looks like it may be on its way - based in Post Offices.

There are three pre-conditions:

1) Cut the existing contract with the bakrupt Bank of Ireland - on the grounds that it is bankrupt

2) Make this bank a state owned entity

3) Train high quality staff to work for it. This must be no second rate operation.

We need it, now. It's a scandal that even now vast numbers of people in this country have no proper access to properly regulated and reasonably priced financial services.

Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: