The Prime Minister today said post office closures were “inevitable” and rejected claims that the Government was “bribing” people into quitting urban branches.
MPs last month approved a #210 million state aid package for the network which will see up to 3,000 branches close due to falling trade and massive losses.
Those that survive will be able to claim up to #10,000 each to fund improvements.
Read MoreRoyal Mail Group Chairman Allan Leighton today announced a new Board structure together with far-reaching changes to top management pay and conditions across the Group.
Mr Leighton said: “These are major changes. We have to move much more than just the deck chairs if we want to avoid being another Titanic! Seven external Board appointments and two internal promotions show that we mean business and we are starting from the top.”
Read MoreThe Post Office is preparing to offer customers mortgages in direct competition to banks and building societies.
David Mills, appointed in February to turn round the organisation’s fortunes, believes this is the key.
Under the scheme, the Post Office, which is losing (pounds) 163m a year, would offer a full range of financial services, including mortgages, through its 17,500 outlets.
Read MoreNotes of meeting between Robin Parr-Davies & Bill Wallis on 26 Sept 02. Includes details of staff and products.
Read MoreTibbett & Britten Group plc, launches a new local logistics service for shopping centers and retail parks that is set to assist the way retailers in such facilities manage their supply chains. The Group has invested an initial GBP0.5 million in setting up the first such operation at Bluewater in Kent.
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