The Yorkshire Post says: Credit to Labour and Rebecca Long Bailey for Post Bank plan

Shadow Business Secretary Rebecca Long Bailey has set out Labour's plans to create a network of Post Banks.
Shadow Business Secretary Rebecca Long Bailey has set out Labour's plans to create a network of Post Banks.
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EVEN though Rebecca Long Bailey was plucked from relative obscurity when she joined Jeremy Corbyn’s top team as Shadow Business Secretary, she has become one of the more serious political figures of this Parliament.

Entrusted by her leader to take part in cross-party talks between Labour and the Government over Brexit, the Shadow Cabinet member has also been at the forefront of the debate over the future of high streets.

Rebecca Long Bailey: How Labour’s plan for Post Banks will help save our high streets

An issue which continues to be highlighted by The Yorkshire Post, Ms Long Bailey has actually had the foresight to come up with a policy plan of her own which extends beyond the daily and routine criticism of Government ministers.

Outlined in today’s newspaper, Ms Long Bailey proposes the creation of a Post Bank which would have 349 branches in Yorkshire alone and effectively give the Post Office the financial freedom to offer a greater range of banking services than at present.

She believes it will offer a lifeline to those communities which do depend on the physical existence of post offices and banks to access money and so on. As she writes: “Some people say online banking can fill their place, but 3.8 million UK households do not have internet at home and 12 million people live in rural or remote areas with poor internet access.”

Yet, while opponents will argue that Labour has no place running financial services, Ms Long Bailey’s plan should be used now as the starting point for an immediate cross-party debate about the future of town centres. It would also be the responsible course of action. For, if not, the rate of closures will only accelerate and cause even more damage to high streets.