Post Office: Profits

Department for Business, Energy and Industrial Strategy written question – answered on 22nd March 2021.

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Photo of Tahir Ali Tahir Ali Labour, Birmingham, Hall Green

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the levels of profitability of the Post Office’s Crown office network during (a) 2019-20 and (b) 2018-19.

Photo of Paul Scully Paul Scully Parliamentary Under-Secretary (Department for Business, Energy and Industrial Strategy), Minister of State (London)

While the Post Office is publicly owned, it is a commercial business that operates independently of the Government. BEIS has not made an assessment on the profitability of the 114 remaining Directly Managed Branches (DMBs) in the Post Office's network of 11,500 branches as this is a matter for Post Office Ltd.

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