Post Office Green Paper

Steff Aquarone Excerpts

Wednesday 25th February 2026 Commons Chamber

[Blair McDougall]

Most banks do provide services, although I know there have recently been issues around Lloyds and the availability of cheque-cashing. I am really pleased to hear that the Lyndhurst branch has been saved, and I congratulate the right hon. Gentleman and campaigners on that. The banking framework is an increasingly important part of post offices’ income, and at the heart of that is the relationship whereby the post office is paid for providing services that have disappeared because of a lack of high-street bank branches. That is very important to the financial stability and future of the Post Office.

[Steff Aquarone (North Norfolk) (LD)]

One of the key services that the Post Office supports in North Norfolk is our bank hubs. These are crucial to our market towns, which have lost high-street banks, and to those living in nearby villages. However, I am frustrated about the number of banks that fail to provide crucial services in these hubs. I note the Minister’s comments about the voluntary and commercial basis of participation, but has he considered reviewing the Financial Services and Markets Act 2023, with a view to widening the requirement to include access to banking services? That would be of huge help to my rural residents and businesses.

[Blair McDougall]

The hon. Gentleman makes an incredibly important point. I have only been a Minister for four months, but I have already learned that it is not a great idea to trespass too far into Treasury Ministers’ territory; however, I will certainly discuss the point that he raises with colleagues there, and obviously our overall strategy is to make sure that there is access to financial services through the post office in as wide a range of communities as possible.