POST OFFICE PROFITS SOAR AS POSTMASTERS’ PAY CUT AND HUNDREDS RESIGN

16th October 2018

MINISTERS URGED TO “SUPPORT POSTMASTERS” OR “FACE CRISIS”

SNP MP, Marion Fellows, today pressed UK Government Ministers in Parliament to intervene on cuts to Postmaster pay while Post Office profits soar and hundreds of branches close.

Post Office profits increased from £13million to £35million for 2017/18 while payment to Postmasters and Sub-Postmasters was cut by £17million this year and £27million last year.

Post Office Chief Executive, Paula Vennells, has seen her salary increase by 7 per cent to £718,000 on top of her 8.4 per cent increase last year.

Figures from the National Federation of Sub-Postmasters show that from March to August 2018, 66 per cent of the 425 temporary closures of Post Offices were due to Postmasters resigning which Mrs Fellows says is due to poor remuneration.

Commenting, Mrs Fellows, the SNP’s Small Business spokesperson, said:

Our hardworking Postmasters are subsidising corporate profits and executive pay packets while hundreds of branches across the UK are closing because those running them are underpaid and undervalued.

Communities are facing a crisis caused by the Post Office maximising profits at the expense of Postmasters and the UK Government’s poor governance. Postmasters cannot continue to go on while rates are cuts and services removed. Postmasters and communities need the UK Government to intervene and ensure proper remuneration.

For many people, the Post Office is a lifeline. It is used by people collecting social security payments and pensions and also increasingly by businesses. It needs investment and support, not managed decline.

UK Government Ministers say they support the Post Office network and I’ll be meeting with them soon to find out exactly how they plan to do it.