Tag: Post Office Ltd

The government is to provide up to 450 mln stg in financial support to rural post offices, said David Mills, chief executive of Post Office Ltd.

He said the spending, which would involve 150 mln stg annually over the next three years, will be used to keep the entire 8,500 rural branches operating.

“Without this money Post Office Ltd would not have been able to continue operating rural branches, and as a result up to 80 per cent may have closed,” he said.

Wales’ vital network of small post offices is to receive a massive cash boost.

The Government will announce today that the threatened focal points for thousands of small communities are to receive pounds 48million over the next three years.

The Government has caved in to criticism over post office closures. The pounds 48million is Wales’s slice of a pounds 450million fund for Britain’s small post offices.