Many postmasters have warned that years of pay cuts have wiped out their profits, leaving them no choice but to close. Around £110million has been wiped off postmaster pay since 2012 with more than 1,000 post offices currently shuttered. In April 2,500 sub-postmasters warned they could close or downsize over the next 12 months.
However, business minister Kelly Tolhurst insisted staff should receive a fair wage stating 'I have brought together the Post Office leadership team and representatives of local postmasters to launch a new review into pay. I want this substantial review to engage meaningfully with postmasters across the country and be concluded as quickly as possible to ensure postmasters receive a fair wage.’
The news will lift many rural towns and villages across England that fear losing their sole branch.
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