Post Office Executives: Bonuses
Debate between Earl Cathcart and Earl of Minto(11 months, 3 weeks ago)
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The Earl of Minto (Con)
My noble friend makes a very good point. I am not aware of the exact situation. I will find out and write to her.
Earl Cathcart (Con)
My Lords, I live three miles from the market town of Fakenham. The post office has been virtually closed for nearly four years. Surely the executives should provide a service that Fakenham and other communities need. Any bonus should be linked to providing that service.
The Earl of Minto (Con)
My noble friend is right. Bonuses should be awarded based on performance against specific measurable and recorded targets. As the noble Baroness, Lady Wheatcroft, said, everybody within the organisation should know this. Part of my noble friend’s question was about the commitment of the Post Office to the network. At the moment, there are about 11,500 post offices. During the last 10 years, the Government have poured about £2.5 billion of funding into the network. It is obviously very important that towns such as Fakenham have a proper post office. I shall take this up.