Post Office: Finance

(asked on 18th March 2019) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 19 November 2018 (HL11350), how many such requests for permission have been requested by Post Office Limited under that Article within the last two years.


Answered by
Lord Henley Portrait
Lord Henley
This question was answered on 1st April 2019

The Government recognises the critical role that post offices play in communities and for small businesses across the UK. This is why the Government committed to safeguard the post office network and protect existing rural services. The overall number of post offices across the UK remains at its most stable in decades with over 11,500 branches thanks to significant Government investment of over £2 billion since 2010.

Within the last two years, Post Office Limited has not submitted any requests under Article 11.1(O) of its Articles of Association to incur a commitment or liability of more than £50 million.

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