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Post office sell-off expected to bring in £20m for RM

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TrueBlueTerrier
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Post office sell-off expected to bring in £20m for RM

Post by TrueBlueTerrier »

Post office sell-off expected to bring in £20m for Royal Mail

http://business.timesonline.co.uk/tol/b ... 607717.ece

Royal Mail is selling off post office premises worth £20 million as part of its closure programme.

A total of 40 post offices, mainly large high-street branches in medium-sized market towns, are up for sale. They are all part of the Crown Post Office network which is directly managed by Royal Mail.

The news follows last week’s back-bench rebellion in the House of Commons when 20 Labour MPs voted to call a halt to the Government’s plans for closing 2,500 loss-making post office branches.

A spokeswoman for the Post Office said of the 40 properties being sold: “These buildings became vacant because last year we announced a deal with WH Smith which was about relocating some of our Crown office branches into their stores. That has been happening over the past year. The Crown office part of the network has been losing £70 million a year and was not sustainable. As we would do with any surplus buildings, we are looking to sell them.â€
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DirtyHarry
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Post by DirtyHarry »

A saving of £20 million..............Still won't be enough for 'em, this endless cycle of cuts, cuts, and yet more feckin' cuts, will go on until there's a
postal service in name only. :crazy:
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DGP1
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Post by DGP1 »

An extra £20M added to the pot along with the xxmillion they will save by closing/franchising all the rest of the PO's will just be used to pay the senior management bonuses and going into Gordon Brown's coffers to help pay for all the financial mistakes he's made (everyone remember when he sold off the gold reserve for a pittance when it's worth a fortune now :mad I'm glad my wife's not as prudent as he is :oops: )
I'm preparing myself for the zombie invasion, rule number 1 - Cardio
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DirtyHarry
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Post by DirtyHarry »

disgruntledpostie1 wrote:An extra £20M added to the pot along with the xxmillion they will save by closing/franchising all the rest of the PO's will just be used to pay the senior management bonuses and going into Gordon Brown's coffers to help pay for all the financial mistakes he's made (everyone remember when he sold off the gold reserve for a pittance when it's worth a fortune now :mad I'm glad my wife's not as prudent as he is :oops: )
The decision to sell the gold reserve was a masterstroke :crazy: , I believe it's value has shot up in leaps and bounds just lately, too. :crazy:
Good housekeeping, not something to be associated with executives, or ministers of the crown.
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