Apr 11, 2021
Post Office could offer sub-postmasters a share in profits
Mr Reed wants to turn the Post Office into a "Partnership of equals" by 2025. Many sub-postmasters went to prison, faced bankruptcy and stigma before it was established that the Post Office's computer system - known as Horizon - contained a glitch which could lead to apparent shortfalls in branch accounts. The Post Office is the UK's largest retail network with 11,500 outlets ranging from large, city centre operations to village post offices within community shops and even pubs. Mr Read, who has run the Post Office since 2019, made it clear last month that he wanted to "Reset the relationship" between the Post Office and its franchisees. "The Post Office simply does not have the financial resources to provide meaningful compensation," he told executives.
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