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  • ​Post Office Cash Tracker – Business cash deposits at Post Office rise a further 3.1% in August, highlighting signs of economic recovery

    Business cash deposits up 3.1% on July and up 165.6% (£831 million) on April lows, when lockdown measures were in place across the UK and business cash deposits totalled £313 million. Personal cash deposits were up 16.3% year-on-year in August, markedly exceeding levels seen pre-pandemic. Total cash deposits for business and personal customers reached £1.8 billion for the month, while total c

  • Falling hotel prices make city breaks cheaper across Europe

    Post Office report reveals that prices are lower than last year in two-thirds of cities
    City Costs Barometer (www.postoffice.co.uk/citycosts) also reports price falls from pre-lockdown levels in 92% of cities that are exempt from Government quarantine rules
    Hotel costs have plunged since lockdown: falls of over 20 per cent found in 14 cities
    Eastern European cities dominate best value t

  • Holiday Money Index reveals that demand for holiday money is recovering post-lockdown, while sterling is up against all key currencies

    In its first Holiday Money Index of 2020 measuring exchange rate movements and foreign currency sales, Post Office Travel Money reports that demand for holiday money in July showed a positive recovery trend after the prolonged slump during lockdown. At the same time, sterling has held its value and is now worth more against all major holiday currencies than in August 2019.
    In particular, the U

  • Historical Shortfall Scheme - Reminder of closing date

    More than 700 applications so far Claims scheme offers redress to postmasters Independent advisory panel will assess claims
    The Post Office is reminding current and former postmasters there is a month left to apply to the claims scheme for those who believe they have experienced shortfalls related to previous versions of its computer system Horizon.
    The Historical Shortfall Scheme was lau

  • Coutts joins Post Office Banking Framework

    Coutts, wealth manager and private bank, has today joined the Post Office’s Banking Framework, allowing its customers to undertake banking services such as making cash withdrawals, deposits or paying in cheques at any of the Post Office’s 11,500 branches – the UK’s biggest retail network.
    The agreement means that Coutts becomes the 30th financial institution to join the Framework, which include

  • ​Post Office resumes Travel Money service

    Post Office TravelMoney is re-activating its online foreign exchange service and its branch pre-order operation, both of which were suspended in late March at the start of lockdown. This means that the UK’s largest provider of foreign currency, which accounts for one-in-four of all UK currency transactions, will again offer a wide range of Travel Money services across the UK.
    As a result of th

  • Post Office statement on Government announcement of independent review

    The UK Government today (10 June) announced that it will shortly launch an independent review into the Post Office Ltd Horizon IT system.
    A Post Office spokesperson said:
    “The Post Office welcomes the review announced by the Government and we will of course fully and positively engage. It is as much in the interests of Post Office as it is in the interests of postmasters to ensure that issue

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