Post Office

(asked on 27th November 2020) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask Her Majesty's Government what assessment they have made of the value of the services provided by the Post Office; and what plans they have to support its work in the future.


Answered by
Lord Callanan Portrait
Lord Callanan
Parliamentary Under Secretary of State (Department for Energy Security and Net Zero)
This question was answered on 11th December 2020

Previous analysis, commissioned by BEIS and undertaken by London Economics and YouGov[1], found that users of the Post Office placed a value of between £4.3bn and £9.7bn per annum on the network. The research is attached, but is also available here: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/566224/beis-16-37-post-office-network-social-value.pdf.

More recently, new research by Public First has revealed how much of a vital role Post Offices play in high streets, providing a boost of more than £1 billion for surrounding retailers and businesses. The research is available here: https://postofficeimpact.co.uk/

The £227 million funding the Government has provided through the Spending Review extends the network subsidy at £50 million for a further year and provides Post Office with £177 million to invest in the future of the business.

[1] The Social Value of the Post Office Network, London Economics/YouGov, 2020

Reticulating Splines