Asked by: Lord Bailey of Paddington (Conservative - Life peer)
Question to the Department for Business and Trade:
To ask His Majesty's Government what steps they are taking (1) to prevent the closures of, and (2) to support the opening of, Post Offices across London.
Answered by Baroness Jones of Whitchurch - Baroness in Waiting (HM Household) (Whip)
Government provides an annual £50m Network Subsidy funding to support the delivery of a minimum number of branches and a geographical spread of branches in line with published access criteria. The Government uplifted the subsidy in FY 24/25 by £37.5 million to further support the Post Office network and the important services it provides. The access criteria ensure that however the network changes, Post Office delivers essential services across the UK via its network of 11,500 branches. The access criteria will ensure that, across London, 99% of the population will continue to live within 3 miles of a Post Office.