The Peoples Bank plans good for Post Office 

The announcement made by the government to offer products with good value to those with little income will help people who have been hit hard by the financial crisis.

The Post Office, via its provider the Bank of Ireland, already offers savings and mortgage deals at competitive rates, so a move into current accounts seems like the next natural move.

The proposal for a weekly budgeting account is a fantastic idea, we welcome any move in which providers aim to help their customers manage their finances better.

Business secretary Lord Mandelson said that the Post Office is a trusted brand among consumers and ideally placed to provide financial services. In addition, expanding the services it provides will guarantee a future for the institution.