Magazine article Public Finance

Fear over Post Office Closures as DWP Delays Card Account Decision

Magazine article Public Finance

Fear over Post Office Closures as DWP Delays Card Account Decision

Article excerpt

Government indecision over whether to leave Royal Mail in charge of the Post Office card account has left the fate of 3,000 post offices in the balance, senior MPs said this week.

In a report published on November 10, the Commons business, enterprise and regulatory reform select committee warned the Department for Work and Pensions that if the Post Office tender was unsuccessful, the decision 'would have grave effects on the Post Office network'.

The account, used by more than 4 million people, was designed to make the need for giros and payment books for pensioners and benefit claimants redundant, while still allowing them to use post offices to collect money.

A decision from Whitehall had been expected earlier this year, but Royal Mail now believes that the contract will be given to rival bidder Paypoint Paypoint is the country's biggest private payment network, operating at more than 20,000 ouuets including newsagents and supermarkets. …

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