Blade Watch

Finextra

With a general election imminent, Business Secretary Lord Mandelson has earmarked £180 million in new funding for the Post Office, which will see a “major expansion” of the financial services it offers.

Says Mandelson: “Since the global banking crisis we have set about reinventing the financial services industry piece-by-piece, building a system that is fairer, trusted and more responsible. Today is the next step in that process. The Post Office is a well-loved community institution and this move will bring more banking services back to the heart of those communities.”

I wonder if this might mean new applications and services to bring us the Post Office Bank, I’ll need to read up more.

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