Cookies: We use cookies to give you the best possible experience on our site. By continuing to use the site you agree to our use of cookies. Find out more
House of Lords Hansard
x
The text on this page has been created from Hansard archive content, it may contain typographical errors.
Universal Banking Services
12 February 2001
Volume 622
The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

asked Her Majesty's Government:When they expect to receive the conclusions of the negotiations on the proposed establishment of the Universal Bank. [HL610]

The edit just sent has not been saved. The following error was returned:
This content has already been edited and is awaiting review.

Good progress is being made with the development of Universal Banking Services. Agreement in principle was reached on 20 December 2000 with six banks (Barclays, Lloyds TSB Ltd, RBS/NatWest, HSBC, Abbey National and the Halifax) to contribute towards Universal Banking Services at the Post Office. Discussions continue with other banks and building societies to examine what contributions they can make. The intention is for the banks to sign a memorandum of understanding within the next few weeks.