Source · Select Committees · Public Accounts Committee
Recommendation 20
20
Accepted
Department confident in short-term liquidity but assessing Post Office's long-term financial viability.
Conclusion
The Department told us that it has confidence in the Post Office’s short- term liquidity, through the assurance provided by UKGI and that there is a longer-term question regarding the financial viability of the Post Office. The Department told us that it is looking at the policy objectives, the most cost-effective way of funding the Post Office and the most efficient way to achieve that in order to put the Post Office onto a long-term footing.34
Government Response Summary
The government commits to writing to the Committee in Autumn 2025, following the publication of the Treasury Minute, implying an update on the Post Office's long-term financial viability which the Department is actively addressing.
Government Response
Accepted
HM Government
Accepted
3.1 The government agrees with the Committee’s recommendation. Target implementation date: Autumn 2025 3.2 The department will write to the Committee in Autumn 2025, following the publication of this Treasury Minute.