Crown branches are currently losing £40m per year and this is being subsidised by public money. This cannot continue.
The Post Office is transforming its network to improve customer experience and in turn bring in new business. We are committed to the Post Office remaining a key part of UK high streets and our plans ensure this will happen.
This means for 70 of our Crown branches (eight branches in Wales) – less than one per cent of our network – we will be looking to partner with a suitable retailer, whilst at the same time we will invest £70m in the remaining 300 Crown branches to modernise and grow services to ensure their long term viability.
More top news
There's a definite chill in the air out there tonight! Temperatures in more sheltered spots have tumbled! But at least it's drying out!
The Wales team are preparing to play their biggest match in a decade as they take on Cyprus in their latest Euro 2016 qualifying campaign.
Welsh Conservative leader says UK 'must be willing to take its share' of refugees fleeing warzones in Syria.