Post Offices: Profits

(asked on 20th November 2024) - View Source

Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, how many Crown post offices make a profit.


Answered by
Gareth Thomas Portrait
Gareth Thomas
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 29th November 2024

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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