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Mr. Tom King
asked the Secretary of State for Industry (1) how much of the expected £300 million Post Office loss for 1974–75 is accounted for by the Giro operations;(2) how much of the expected £300 million Post Office loss for 1974–75 is accounted for by telephone and telecommunications services;(3) how much of the expected £300 million Post Office loss for 1974–75 is accounted for by the postal services.
Mr. Gregor Mackenzie
The estimated deficits for each business are:
£m | |
telecommunications | 176 |
posts | 124 |
GIRO | 4 |
Mr. Tom King
asked the Secretary of State for Industry how much of the expected £300 million Post Office loss for 1974–75 is accounted for by the deficiency payment to the Post Office Pension Fund.
Mr. Gregor Mackenzie
The Post Office estimates that the payment will be £100 million.