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Article: Steps should be taken now to safeguard post office network.(Business)
- Article from:
- Western Mail (Cardiff, Wales)
- Article date:
- February 14, 2007
CopyrightCOPYRIGHT 2007 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: By Russell Lawson
The post office network is extensive. There are 8,000 rural branches and 6,500 urban branches, making it a larger network than any retail or banking multiple in the UK. However in recent years the network has suffered significant financial losses, predominantly as a result of the removal of government business. In 2003, the network lost 40% of its income as benefits and pensions payments were paid directly into bank accounts by the Government.
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