Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, what proportion of the £50 million announced in the 2020 Spending Review for Post Office subsidy and restructuring has been allocated for (a) subsidising and (b) restructuring the branch network.
The Government will provide £227 million of funding through the Spending Review to the Post Office. This extends the £50 million network subsidy and provides Post Office with £177 million to invest in the future of the network.