The Competition and Markets Authority (CMA) has found that essential parts of the UK retail banking sector lack effective competition and do not meet the individual needs of consumers.
- Post Office undertaking biggest transformation in UK retail history to become commercially viable and reduce reliance on public money - Post Office offering consolidated pay increases with additional lump sum payments - Any ballot will not include employees working in the Post Office’s over 11, 500 branches across the UK - Post Office offer of meeting with ACAS remains on the table
