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MAJOR BOOST TO THE CAMPAIGN FOR A RURAL STRATEGY:
The Independent Food, Farming & Countryside Commission hosted by the RSA in its report launched on Tuesday 16th July ‘Our Future in the Land’ has added its voice to the calls by the RSN and the House of Lords Select Committee for a comprehensive Rural Strategy (more to follow)

Post office missing out on profits

The Express and Star reported on last week’s Treasury Select Committee hearing during which the Post Office banking director revealed the Post Office makes no profit from providing high street banking services.

The Post Office has agreed to offer banking services in each one of its 11,500 branches across the UK as the banking industry has closed 30 per cent of its network. Although the Post Office processed 130 million transactions last year it made no profit.

Nicky Morgan, Chair of the Treasury Committee, said this amounted to the Government ‘effectively subsidising banks’.

Full article:

→ The Express and Star - Post Office makes no profit from providing banking services, MPs told

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