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Post Office: Profits

Question for Department for Business, Energy and Industrial Strategy

UIN 167956, tabled on 12 March 2021

To ask the Secretary of State for Business, Energy and Industrial Strategy, what assessment he has made of the levels of profitability of the Post Office’s Crown office network during (a) 2019-20 and (b) 2018-19.

Answered on

22 March 2021

While the Post Office is publicly owned, it is a commercial business that operates independently of the Government. BEIS has not made an assessment on the profitability of the 114 remaining Directly Managed Branches (DMBs) in the Post Office's network of 11,500 branches as this is a matter for Post Office Ltd.

Interests declared
The Member has declared that they have interests which may be relevant to the subject matter of this question.