UK mail chief issues post office revenue warning
Royal Mail chief Adam Crozier admitted last night the Government’s decision to withdraw card accounts is a key factor in the crisis facing the Post Office. He issued a statement in which he warned: “The decline of official business going through post office branches, including the withdrawal by 2010 of the Post Office Card Account, means that within the next few years less than 10% of the network’s revenue will come from work done for the Government.” And he appealed for “a full debate on the future of the rural network”. His comments came as the Post Office published a report on “innovative ways of providing its services in rural areas” which foreshadows what many fear will be a major closure programme when the annual £150million Government subsidy for the rural network runs out in 2008.
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