Postmasters shouldn’t rush to take ownership of Post Office says ParcelHero

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The government is reportedly holding a meeting today (7 February) between business minister Kevin Hollinrake and representatives of the co-operative movement, union officials and other stakeholders, to revive plans to mutualise the Post Office.

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The move follows the public outrage since the airing of ITV drama Mr Bates vs the Post Office and the subsequent public enquiry.

However, ParcelHero says handing over ownership of the Post Office to operators is far from the generous offer it appears.

The parcel comparison site believes The Post Office needs significant modernisation and investment.

ParcelHero’s head of consumer research, David Jinks M.I.L.T., said: “Stakeholders and sub-postmasters should be in no hurry to take on ownership of the UK’s struggling Post Office.

“It could be like inheriting a seemingly valuable country home that is actually decaying and mortgaged to the hilt.

“Following the Horizon scandal, the government clearly now sees the Post Office as a hot potato it wants to pass on to new hands as soon as possible.

“However, very little has changed since 2012, when it first attempted to offload the Post Office to its managers at the same time that the Royal Mail was privatised.

“Back in 2012, the government’s own report, ‘Building a Mutual Post Office’, recommended: “A formal transfer of ownership should only take place when commercial sustainability and financial stability have been achieved.” That goal has yet to be achieved.”

Click here to read David Jinks’ full comment