Post Offices: Profits
The question
To ask the Secretary of State for Business and Trade, how many Crown post offices make a profit.
Answered by Gareth Thomas
Directly Managed Branches are loss-making for the Post Office. As such, Post Office has been clear that it’s their ambition to operate the network on a fully franchised basis in time, as they believe that this is a more sustainable model. The Post Office's Transformation Plan aims to deliver a reduction in central costs and look seriously at other ways to deliver efficiencies.
The Post Office will however continue to deliver on the 11,500 minimum branch requirement and geographical access criteria set by Government.
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