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The Guardian

Post Office considering making branch operators fund ‘losses pool’, inquiry told

The Guardian by wa-news on The Guardian 13 views
Post Office considering making branch operators fund ‘losses pool’, inquiry told

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Option among those explored, as state-owned body looks to recover £12m a year written off over Horizon scandalThe Post Office is looking into the possibility of creating a “losses pool”, funded by branch owner-operators, as it seeks to address the mounting financial issue of shortfalls in its network of 11,500 outlets.Following damning high court judgments in 2019, which ultimately resulted in hundreds of postmasters being exonerated over wrongful prosecutions for shortfalls linked to faulty Horizon software, the Post Office pursues losses only if there is an agreement with the branch owner-operator. Continue reading…

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Source link : https://www.theguardian.com/uk-news/2024/oct/20/post-office-considering-making-branch-operators-fund-losses-pool-inquiry-told

Author : Mark Sweney

Publish date : 2024-10-20 10:02:00

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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