Following a ministerial announcement by the Postal Affairs Minister Gareth Thomas MP, the Post Office has today confirmed that it has accelerated the delivery of its first additional remuneration payment to postmasters with a £20 million boost to their pay packets in December.
Coming at the same time as the winding down of the Horizon Inquiry, the £20 million boost to postmaster remuneration comes as the Post Office moves quickly to deliver on promises in its transformation plan announcement of 13 November.
Both independent postmasters and Post Office retail partners that operate branches on its behalf will receive the top-up payment ahead of Christmas. The payment will be based on both the standard fixed and variable remuneration the branch received in November.
Neil Brocklehurst, Post Office acting CEO, said: “As we implement our ‘New Deal for Postmasters’ we’re fast-tracking payments in recognition of the challenging trading conditions they are currently experiencing. Our customers want services in the run-up to Christmas that are convenient and in-person, and that’s what our postmasters and retail partners offer. We want our postmasters to focus on what they do best, serving their communities, and not to be worried about making ends meet”.
Post Office Minister Gareth Thomas added: “This government is committed to strengthening the Post Office and making sure postmasters receive the income they deserve for the vital services they provide for communities across the country.
“That’s why we’re providing a further £37.5 million of network subsidy this financial year, which is essential to stabilise the organisation. I welcome the Post Office’s one-off payment this month to postmasters, which will go a long way in easing the burden they face ahead of Christmas.”
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