Dec 20, 2017
Post Office secures £370m funding from government
The Post Office network is to get £370m in new funding, the government has announced. The three-year funding deal, running from next April, comes as the Post Office announced it had moved into profit for the first time in 16 years. Mr Clark said the Post Office, run by an independent board, was "At the heart of communities across the UK, with millions of customers and small businesses relying on their local branch every day to access a wide range of important services". Alongside the announcement, the Post Office revealed that it made £13m in the last financial year. Brian Scott, of the Unite union, said the Post Office lacked a "Coherent strategy for the future" and said that profits were being achieved through a "Slash-and-burn approach".
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