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Post Office Finance

Volume 886: debated on Wednesday 19 February 1975

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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.

The estimated deficits for each business are:

£m
telecommunications176
posts124
GIRO4

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.

The Post Office estimates that the payment will be £100 million.