Post Offices to get £1.3bn of new funding

first_imgWednesday 27 October 2010 8:02 pm Post Offices to get £1.3bn of new funding whatsapp Share Show Comments ▼ The government yesterday unveiled a £1.3bn funding package for the UK’s post office network. The Department for Business, Innovation & Skills said the 11,500 post offices would receive more than £330m a year for four years to maintain and modernise the network.Business secretary Vince Cable said the cash would allow post offices to extend their opening hours, reduce queues and provide more government services in a bid to reverse falling use of the network. Cable said the network was not for sale and there would be no more closures, although over time it could be mutualised and ownership and operation handed to staff, sub-postmasters and local communities. The government is planning to privatise the letter and parcel delivery service Royal Mail, saying it would allow it to benefit from private capital.At least a tenth of the shares in the privatised business would go to staff, the government will take on the service’s pension deficit and collection and the requirement to collect and deliver post six days a week at affordable prices would be protected. center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoveryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLlast_img