UK Post Offices may lose out from switch to direct banking
Post offices could lose almost half their income because of the government’s decision to pay benefits directly into bank accounts, subpostmasters have warned.
“Fifteen million people each week currently draw their pension over the counter of a post office. If direct payment replaces all of this business, the worst case scenario is that subpostmasters will lose up to 45% of their income,” said Colin Baker, general secretary of the National Federation of Subpostmasters.
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