NFSP campaign to save PO card account (UK)

The National Federation of Subpostmasters continues its campaign to highlight the threat to remaining post offices beyond those currently being closed, if the contract for the Post Office card account is lost.

The NFSP points out that the post office network will go into further decline with as many as 3,000 post offices going out of business. The NFSP says that if Post Office Ltd does not need to pay out GBP 27 billion in cash each year through POCA, it will not need to raise large amounts of cash through other services, and the entire business model will unravel.

Post Office Ltd is currently on a mission to reduce massive losses in the post office network by closing 2,500 post offices across the UK. Rural areas have been particularly badly hit where smaller post offices were also the only village shop. Many have already been closed and replaced by outreach services which consist of mobile or limited hours services. The long-term funding of outreach services is the subject of some controversy after the Commons business and enterprise committee raised concerns over the level of funds afforded to the Post Office by Royal Mail.

Business has been lost to post offices in more recent years as many bill payments were transferred to online facilities or contracts put out to tender. Many post offices depend on the POCA and see it as a building block towards a sustainable future for the entire post office network.

The National Federation of Subpostmasters continues its campaign to highlight the threat to remaining post offices beyond those currently being closed, if the contract for the Post Office card account is lost.

The NFSP points out that the post office network will go into further decline with as many as 3,000 post offices going out of business. The NFSP says that if Post Office Ltd does not need to pay out GBP 27 billion in cash each year through POCA, it will not need to raise large amounts of cash through other services, and the entire business model will unravel.

Post Office Ltd is currently on a mission to reduce massive losses in the post office network by closing 2,500 post offices across the UK. Rural areas have been particularly badly hit where smaller post offices were also the only village shop. Many have already been closed and replaced by outreach services which consist of mobile or limited hours services. The long-term funding of outreach services is the subject of some controversy after the Commons business and enterprise committee raised concerns over the level of funds afforded to the Post Office by Royal Mail.

Business has been lost to post offices in more recent years as many bill payments were transferred to online facilities or contracts put out to tender. Many post offices depend on the POCA and see it as a building block towards a sustainable future for the entire post office network.