Postal Services: Assets
Commons · Question 47842 · Tabled 24 Apr 2025 · Department for Business and Trade · Official record
Answered 1 May 2025
Question
Asked by Kim Johnson
To ask the Secretary of State for Business and Trade, what legal powers her Department holds to intervene in matters relating to the sale or transfer of assets within the postal service sector.
Answer
Answered by Gareth Thomas, 1 May 2025
Post Office recently announced that it will be moving to a fully-franchised network. Transitioning to a franchise model will help in tackling the losses that directly managed branches incur on a sustainable basis, as this is expected to result in over £10...