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Post Office Ltd.: Royal Mail

Volume 497: debated on Wednesday 14 October 2009

To ask the Minister of State, Department for Business, Innovation and Skills if he will bring forward proposals to increase the availability and clarity of information on the revenue received from Post Office Limited by the Royal Mail Group. (290515)

Post Office Ltd. prepares a statutory report and accounts annually and these are publicly available through Companies House. As these indicate, Post Office Ltd. meets the full costs of employment of its staff who are all seconded from Royal Mail Group. In 2008-09 these costs totalled £293 million. In addition, Post Office Ltd. pays its share of the Royal Mail Group’s central costs to its parent company.