This is an article for Seaside News
A crucial lifeline has been thrown to post offices in Bridgend thanks to a Government contract unveiled by Liberal Democrat pensions’ minister, Steve Webb.
It guarantees the future of the Post Office Card Account system until 2022, which ensures people without a bank account can receive benefits and tax credits. It also helps to protect the future of the post office network.
There are approximately 2.5 million active Post Office Card Account users, representing around 15 per cent of all benefit claimants and pensioners. Over half are pensioners and many rely on someone else to collect their payments for them.
This is good news for the local post offices inour area. Liberal Democrats know how vital local post offices are for elderly and vulnerable people who cannot access their benefits, pension or tax credits any other way.
Although most people have a bank account, there are certain groups for whom this is not viable and, for them, the Post Office Card Account provides an important lifeline.
The Government has committed £2 billion to protect and modernise the network, to ensure that the millions of customers using the Post Office every week continue to be able to access key services.