Post Office: Finance

Department for Business, Energy and Industrial Strategy written question – answered on 1st April 2019.

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Photo of Lord Arbuthnot of Edrom Lord Arbuthnot of Edrom Conservative

To ask Her Majesty's Government, further to the Written Answer by Lord Henley on 19 November 2018 (HL11350), how many such requests for permission have been requested by Post Office Limited under that Article within the last two years.

Photo of Lord Henley Lord Henley Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy)

The Government recognises the critical role that post offices play in communities and for small businesses across the UK. This is why the Government committed to safeguard the post office network and protect existing rural services. The overall number of post offices across the UK remains at its most stable in decades with over 11,500 branches thanks to significant Government investment of over £2 billion since 2010.

Within the last two years, Post Office Limited has not submitted any requests under Article 11.1(O) of its Articles of Association to incur a commitment or liability of more than £50 million.

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