Post Office Finance

Post Office Finance

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This is the Committee's third report on the Post Office: the first (3rd report session 2007-08, HC 292-I, ISBN 9780215513663) looked at the progress of the programme in which the post office network will be reduced to some 11, 500 branches; the second (6th report, HC 577, ISBN 9780215520739) commented on the responses to the first Report, and raised particular concerns about the financial transparency of Post Office Ltd and Royal Mail Group, its parent company, about the adequacy of funding for outreach services, and about the relationship between Post Office Ltd and mail services. The Committee made the unusual decision to take oral evidence from Post Office Ltd and Postwatch between publishing its sixth report and receiving the Government response. This evidence has confirmed two of the Committee's concerns: the costs to Post Office Ltd of delivering Royal Mail Group services; and the financial support to sub-postmasters for providing outreach services. Royal Mail Group and Post Office Ltd should provide clear information on: what services Royal Mail Group expects Post Office Ltd to deliver for it; how Royal Mail Group determines the price it pays for these services; and how much it actually currently costs Post Office Ltd to deliver them. The Committee remains concerned that the funding provided for outreach services may be inadequate, and recommend that the National Audit Office investigate the financial arrangements for outreach services.Post Office Ltd and Mr Howard Webber, Chief Executive, Postwatch, gave evidence. ... The first thing to say is that we have no plan or desire to shrink the network further after this current network change programme. ... Wc do. though, have to work within government funding and government policy but we would oppose any further plan to shrink the size of the network for commercial reasons that I willanbsp;...

Title:Post Office Finance
Author:Great Britain: Parliament: House of Commons: Business and Enterprise Committee
Publisher:The Stationery Office - 2008-07-25


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