Another Thatcherite disaster comes back to haunt us

 In 1968 the then Labour government sent up the national girobank which was a basic banking service run through the post office.  This gave a national banking service available to everyone in a post office near you.Remember that there were a lot more post offices then so they really were near you.

 As a publicly run service Mrs Thatcher had to privatise the service and it was sold to the Alliance & Leicester building society and girobank eventually  vanished. The Alliance & Leicester has also now vanished, bought by Santander so now it is not even British, It says a lot about the Tory party that it is so against Europe but is happy to see all out assets sold to European companies!

 So now the government is keen that we all have bank accounts so that they can pay us cheaply, no cheques or cash, just bank transfers. They try to claim that this is so people get used to budgeting and other good healthy practices but it is nothing of the sort. It is just cheaper, like trying to make everybody do everything on line.

 The post office has just announced a new set of bank accounts to provide for the people, so come bank the girobank. How much money has been frittered away by privatising it in the first place. I am sure those in the city made lots of money out of the privatisation of the girobank in the first place and then the sell off to Santander. remember

"its the rich what gets the gravy, its the poor what gets the blame"