Last December, Post Office and Royal Mail agreed a new Mails Distribution Agreement. Post Office has now begun a consultation with all Postmasters on how it proposes to change the remuneration structure and as part of this, Postmasters will receive specific data in relation to their branch or branches.
Overall Postmasters will benefit from an estimated additional £10 million worth of remunerati
Two serving Postmasters have been elected to the Post Office Board as Non-Executive Directors for the first time in the Post Office’s 360-year history.
Latest data from the Post Office’s March Cash Tracker shows cash deposits and withdrawals returned to pre-lockdown levels
Post Office has won ‘Best Travel Insurance Provider’ and ‘Best Life Insurance Provider’ 2021 at the YourMoney.com awards.
Holiday Money Hoarders
Foreign cash stash held at home by Britons tops £3.5 billion
Post Office research shows that almost 23m Britons have leftover holiday money at home
Over half of holidaymakers are holding currency averaging £155 each from past trips
Men have far more cash stashed than women – an average of £188 compared with £117
Scots are the biggest hoarders with an average stash of
Six serving Postmasters contesting the first ever election to become a Non-Executive Director on the Post Office Board have been announced
Latest data from the Post Office’s February Cash Tracker
· Two in five small businesses admit they aren’t clear on the new rules for posting their goods to the EU, despite 70% being confident their business can navigate the impact of the UK’s exit from the EU
· Half of all small businesses with under 50 employees post to the EU on at least a weekly basis and 70% use Post Office services to get them there
· Post Office launches online customs decla
Post Office is expanding its presence in the identity services market with the roll-out of a suite of online and in-branch products in a new partnership with digital identity company Yoti.
Latest data from the Post Office’s January Cash Tracker shows the impact the Covid-19 pandemic has had on small businesses and the self-employed with business cash deposits down over 40% compared to January 2020. In contrast, personal cash deposits were up 4.6%.
Post Office has signed a deal to sell its telecommunications business to Shell Energy Retail.
Over £1.6 billion was withdrawn and deposited by personal customers at Post Office’s 11,500 branches in December. Over 5% (£91 million) more compared with November Personal cash withdrawals in December totalled £640.7 million, up 14% on November when much of the UK was in lockdown. Personal cash deposits totalled £978.6 million, up 1.3% on November Post Offices are open long hours throughout the
