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
Any remaining wintry showers will die away through the first part of the night.
Cold and bright with some showers. It will be a cold start to the day, with some icy patches possible.
We look back at some of the stories, people and events that stood out in 2014.