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Barclays's withdrawal from the banking framework with Post Office Ltd

EDM (Early Day Motion) 27: tabled on 15 October 2019

Tabled in the 2019-19 session.

This motion has been signed by 32 Members. It has not yet had any amendments submitted.

Motion text

That this House expresses alarm on learning that Barclays bank has decided to withdraw from a key element of the banking framework agreement with Post Office Ltd, which allows personal and business customers to access their bank accounts via 11,500 post office locations across the UK; notes that the banking framework is a central component of the Government's financial inclusion policy having been developed by Liberal Democrat Ministers during the coalition and is critical to many vulnerable customers and small businesses; understands that Barclays's customers currently undertake around 1.4 million cash withdrawals in post offices every month, while Barclays has closed more than 400 bank branches in the last five years; is deeply concerned about the detrimental effect that this withdrawal will have on individuals, business and communities across the UK; recognises with concern that the withdrawal will also reduce footfall and revenue for post offices, potentially undermining the network modernisation programme; welcomes the decision by all other banks to reconfirm their commitment to their customers irrespective of their location and circumstances through this agreement with Post Office Ltd, which further brings into question Barclays's decision; calls on Barclays bank to reverse its decision immediately and on the Government to intervene if Barclays does not do so; and further calls on the Government to introduce a new regulation to require banks, as part of their retail licence, to make their core banking service accessible to their customers through the post office network and overseen by the Payment Systems Regulator.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

Lee, Dr Phillip
Liberal Democrat
Signed on 15 October 2019
Bracknell
Jardine, Christine
Liberal Democrat
Signed on 15 October 2019
Edinburgh West
Gyimah, Mr Sam
Liberal Democrat
Signed on 15 October 2019
East Surrey
Cable, Sir Vince
Liberal Democrat
Signed on 15 October 2019
Twickenham
Carmichael, Mr Alistair
Liberal Democrat
Signed on 15 October 2019
Orkney and Shetland
Allen, Heidi
Liberal Democrat
Signed on 15 October 2019
South Cambridgeshire
Berger, Luciana
Liberal Democrat
Signed on 15 October 2019
Liverpool, Wavertree
Umunna, Chuka
Liberal Democrat
Signed on 15 October 2019
Streatham
Hobhouse, Wera
Liberal Democrat
Signed on 15 October 2019
Bath
Moran, Layla
Liberal Democrat
Signed on 15 October 2019
Oxford West and Abingdon
Brake, Tom
Liberal Democrat
Signed on 15 October 2019
Carshalton and Wallington
Gaffney, Hugh
Labour
Signed on 16 October 2019
Coatbridge, Chryston and Bellshill
Cunningham, Mr Jim
Labour
Signed on 16 October 2019
Coventry South
Shannon, Jim
Democratic Unionist Party
Signed on 16 October 2019
Strangford
Edwards, Jonathan
Plaid Cymru
Signed on 16 October 2019
Carmarthen East and Dinefwr
Sobel, Alex
Labour
Signed on 16 October 2019
Leeds North West
Bottomley, Sir Peter
Conservative
Signed on 16 October 2019
Worthing West
Lake, Ben
Plaid Cymru
Signed on 16 October 2019
Ceredigion
Stephens, Chris
Scottish National Party
Signed on 16 October 2019
Glasgow South West
Godsiff, Mr Roger
Labour
Signed on 18 October 2019
Birmingham, Hall Green
Russell-Moyle, Lloyd
Labour
Signed on 21 October 2019
Brighton, Kemptown
Hill, Mike
Independent
Signed on 22 October 2019
Hartlepool
Girvan, Paul
Democratic Unionist Party
Signed on 22 October 2019
South Antrim
Saville Roberts, Liz
Plaid Cymru
Signed on 22 October 2019
Dwyfor Meirionnydd
George, Ruth
Labour
Signed on 24 October 2019
High Peak
Crausby, Sir David
Labour
Signed on 24 October 2019
Bolton North East

There are no withdrawn signatures for this motion.