Meetings
NDM 6240 - Plaid Cymru debate
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Meeting: 15/02/2017 - Plenary - Fifth Senedd (Item 7)
Plaid Cymru debate
NDM6240 Rhun ap Iorwerth (Ynys
Môn)
To
propose that the National Assembly for Wales:
1.
Recognises the importance of easily accessible financial advice and banking services
to individuals and businesses in all communities in Wales.
2.
Regrets the closure of bank and building society branches in communities across
Wales.
3.
Calls on the Welsh Government to:
i)
urgently explore all options to meet the financial needs of individuals and
businesses in Wales; and
ii)
examine the legislative and regulatory steps necessary to establish alternative
models of banking service provision, including a Welsh People’s Bank on the
model of local savings banks.
The
following amendments have been tabled:
Amendment 1. Jane Hutt (Vale of
Glamorgan):
Delete point 3 and replace with:
Welcomes the work of the Welsh
Government in promoting financial inclusion, including support for advice
services and credit unions, and the ambitions set out in the 2016 Financial
Inclusion Strategy for a well functioning and comprehensive financial system in
Wales.
Recognises the need for the Welsh
and UK Governments to work together with partners to improve access to
affordable credit and financial services and information for individuals,
including debt advice.
Recognises the need to improve
financial capability in Wales and notes the work being undertaken to establish
the Development Bank of Wales and its intelligence unit which will better
target financial services and advice for micro, small and medium sized
businesses in Wales."
2016
Financial Inclusion Strategy
[If amendment 1 is agreed, amendment 2 will be
de-selected]
Amendment 2. Paul Davies (Preseli
Pembrokeshire):
In point 3 b), delete 'a Welsh
People's Bank on the model of local savings banks' and replace with:
'the community banking model
developed in Wales by Responsible Finance'
Amendment 3. Paul Davies (Preseli
Pembrokeshire):
Add as new point at end of
Motion:
Welcomes the independent
"Access to Banking Protocol One Year on Review" by Professor Russel
Griggs OBE, published in November 2016
'Access
to Banking Protocol One Year on Review – Professor Russel Griggs OBE'
Amendment 4. Paul Davies (Preseli
Pembrokeshire):
Add as new point at end of
Motion:
Welcomes the new Post Office
Partnership agreement with UK Banks.
Minutes:
The item started at
17.19
Voting
on the motion and amendments under this item was deferred until Voting Time.
NDM6240 Rhun ap Iorwerth (Ynys Môn)
To propose that the National Assembly for Wales:
1. Recognises the importance of easily accessible financial advice and
banking services to individuals and businesses in all communities in Wales.
2. Regrets the closure of bank and building society branches in
communities across Wales.
3. Calls on the Welsh Government to:
i) urgently explore all options to meet the financial needs of individuals
and businesses in Wales; and
ii) examine the legislative and regulatory steps necessary to establish
alternative models of banking service provision, including a Welsh People’s
Bank on the model of local savings banks.
|
For |
Abstain |
Against |
Total |
|
16 |
0 |
35 |
51 |
The
motion without amendment was not agreed.
The
following amendments were tabled:
Amendment 1. Jane Hutt (Vale of Glamorgan):
Delete point 3 and replace with:
Welcomes the work
of the Welsh Government in promoting financial inclusion, including support for
advice services and credit unions, and the ambitions set out in the 2016
Financial Inclusion Strategy for a well functioning and comprehensive financial
system in Wales.
Recognises the need
for the Welsh and UK Governments to work together with partners to improve
access to affordable credit and financial services and information for
individuals, including debt advice.
Recognises the need
to improve financial capability in Wales and notes the work being undertaken to
establish the Development Bank of Wales and its intelligence unit which will
better target financial services and advice for micro, small and medium sized
businesses in Wales."
A vote was taken on
Amendment 1:
|
For |
Abstain |
Against |
Total |
|
29 |
4 |
18 |
51 |
Amendment 1 was agreed.
[Amendment 1 was agreed, therefore
amendment 2 was de-selected]
Amendment 3. Paul Davies (Preseli Pembrokeshire):
Add as new point at end of Motion:
Welcomes the independent "Access to Banking Protocol One Year on
Review" by Professor Russel Griggs OBE, published in November 2016.
A vote was taken on Amendment 3:
|
For |
Abstain |
Against |
Total |
|
37 |
10 |
4 |
51 |
Amendment 3 was agreed.
Amendment
4. Paul
Davies (Preseli Pembrokeshire):
Add as new point at end of Motion:
Welcomes the new Post Office Partnership agreement
with UK Banks.
A vote was taken on
Amendment 4:
|
For |
Abstain |
Against |
Total |
|
51 |
0 |
0 |
51 |
Amendment 4 was agreed.
A
vote was taken on the motion as amended:
NDM6240 Rhun ap Iorwerth (Ynys Môn)
To propose that the National Assembly for Wales:
1. Recognises the importance of easily accessible financial advice and
banking services to individuals and businesses in all communities in Wales.
2. Regrets the closure of bank and building society branches in
communities across Wales.
3. Welcomes the work
of the Welsh Government in promoting financial inclusion, including support for
advice services and credit unions, and the ambitions set out in the 2016
Financial Inclusion Strategy for a well functioning and comprehensive financial
system in Wales.
Recognises the need
for the Welsh and UK Governments to work together with partners to improve
access to affordable credit and financial services and information for
individuals, including debt advice.
Recognises the need
to improve financial capability in Wales and notes the work being undertaken to
establish the Development Bank of Wales and its intelligence unit which will
better target financial services and advice for micro, small and medium sized
businesses in Wales."
4. Welcomes the independent "Access to Banking Protocol One Year on
Review" by Professor Russel Griggs OBE, published in November 2016.
5. Welcomes the new Post Office Partnership
agreement with UK Banks.
|
For |
Abstain |
Against |
Total |
|
51 |
0 |
0 |
51 |
The
motion as amended was agreed.