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answer › previous answer version › answering member printed	Kelly Tolhurst
min date	2019-06-03
uin	258991

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member constituency

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member constituency

answering member printed

question first answered

answering member


label

previous answer version

answering member constituency

answering member printed

answering member


label

tabling member


label

1128918

registered interest

date

03/06/2019

answering body

Department for Business, Energy and Industrial Strategy

answering dept id

201

answering dept short name

Business, Energy and Industrial Strategy

answering dept sort name

Business, Energy and Industrial Strategy

hansard heading

Post Office: Finance

house id

legislature

25259

pref label	House of Commons

question text

To ask the Secretary of State for Business, Energy and Industrial Strategy, how much funding from the public purse has been provided to Post Office Ltd in each of the last five years.

tabling member constituency

Gedling

tabling member printed

Vernon Coaker

uin

258991

answer

is ministerial correction

date of answer

11/06/2019

answer text

Government subsidy ensures that branches serving our rural communities that need additional support receive it so that they can stay open. Government subsidy has been declining in recent years; this reflects the progress that the business has made. Post Office Limited returned to profit after 16 years of losses and has thereby reduced its reliance on the taxpayer. The Government has provided the following funding to the Post Office over the last five years: <table><tbody><tr><td>Year</td><td>Network Subsidy Payment (£ million)</td><td>Investment funding (£ million)</td></tr><tr><td> </td><td> </td><td> </td></tr><tr><td>2014/15</td><td>160</td><td>170</td></tr><tr><td>2015/16</td><td>130</td><td>150</td></tr><tr><td>2016/17</td><td>80</td><td>140</td></tr><tr><td>2017/18</td><td>70</td><td>70</td></tr><tr><td>2018/19</td><td>60</td><td>168</td></tr><tr><td> </td><td> </td><td> </td></tr><tr><td> </td><td> </td><td> </td></tr></tbody></table>

answering member constituency

Rochester and Strood

answering member printed

Kelly Tolhurst

question first answered

11/06/2019 15:49:46

answering member

4487

label	Biography information for Kelly Tolhurst

previous answer version

121125

answering member constituency

Rochester and Strood

answering member printed

Kelly Tolhurst

answering member

4487

label	Biography information for Kelly Tolhurst

tabling member

360

label	Biography information for Lord Coaker