The Government has today put forward an innovative proposal that could see Post Office Ltd turned into a mutual, giving power to staff, sub postmasters and communities.
Post Office Ltd is currently 100% owned by the government and will not be for sale. This proposal could help to secure the future of the Post Office for the public benefit. The government is clear that before any changes can be made, the network will need to be put on a more secure financial footing, so that a mutual could build from solid foundations. It believes it is realistic for the Post Office to be in mutual ownership by the end of this Parliament.
Life insurance: News update: 16 October 2010