Asked by: Dan Tomlinson (Labour - Chipping Barnet)
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what steps his Department is taking to help prevent the closure of Post Office branches in (a) Chipping Barnet constituency and (b) the UK.
Answered by Gareth Thomas - Parliamentary Under Secretary of State (Department for Business and Trade)
The Post Office interim Chair, Nigel Railton, recently-announced a transformation plan, which aims to put the Post Office on a more stable financial footing for the future, including by reducing costs, and to increase Postmaster remuneration. The detail of Nigel Railton's transformation plan is being examined by my department, and the plan is subject to Government funding and the outcome of the upcoming spending review. The Post Office will continue to deliver on the 11,500 minimum branch requirement and geographical access criteria set by Government.
No decisions regarding Directly Managed Branches, including those in Chipping Barnet, have been taken. The Post Office has been clear however that it’s their ambition to operate the network on a fully franchised basis in time as this is a more sustainable model.