UK Government Explores Mutualisation of Post Office
Plans to transfer ownership to subpostmasters face financial and logistical hurdles amid ongoing fallout from Horizon IT scandal.
- The Department for Business and Trade has tasked Boston Consulting Group with assessing the feasibility of turning the Post Office into an employee-owned mutual.
- The proposal seeks to empower subpostmasters, similar to the John Lewis Partnership model, but faces skepticism due to the Post Office's financial instability.
- Alan Bates, a key figure in exposing the Horizon IT scandal, doubts the mutualisation plan's viability, citing the Post Office's reliance on government subsidies.
- The Post Office continues to grapple with the financial and reputational damage from the wrongful prosecution of over 900 subpostmasters.
- A report on the mutualisation plan is expected to be presented to Business Secretary Jonathan Reynolds in the coming months, but no decisions have been made yet.