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Post Office could be owned by its workers, government says

Post Office could be owned by its workers, government says

Summary

The government is considering turning the Post Office into a business owned by its workers. A 12-week public consultation has been launched to discuss the future of the Post Office, including changes to its ownership and operations.

Key Facts

  • The Post Office is currently owned by the government and funded by taxpayers.
  • The idea of making the Post Office employee-owned has been discussed for over ten years.
  • A major scandal involved subpostmasters being wrongly accused of accounting errors due to faulty software.
  • The government wants to change the Post Office's culture following the scandal.
  • A public consultation will run for 12 weeks to gather opinions on the Post Office's future.
  • The consultation will explore how to meet the changing needs of customers and improve relations with postmasters.
  • An additional £118 million will be provided to support ongoing changes in the Post Office.
  • The Green Paper includes proposals on changing the ownership model of the Post Office.
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