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Thank you for clarifying, James. So why would anybody want to take this on as a franchise if it is staying in this building? If it is now to be a sub office, does that mean that much of the space could be used as a different kind of business altogether, with just part of it being used as a sub Post Office? Because if it is all to remain solely for Post Office business, (albeit as a sub Post Office it won't be providing all the services which it currently does) I can't see who would want to take it over? If it isn't profitable as a Crown office, how could it be profitable running just as a sub office, even if staff are being paid less and it's opening for longer hours? Because presumably all the other overheads such as rent will remain the same? -
Girobank was genuinely innovative, regarding the addressed customer base (significantly the previously unbanked) - but this would have been an ideally outsourced operation to an existing bank which already had the operational systems (and the regulatory experts) to manage a bank for someone else at marginal cost. The Post Office - when you consider the issues over the Horizon software - never originally designed by ICL/ Fujitsu for the application it ran - is a very good reason why the Post Office being involved in banking was long-term a bad idea. To get back to the topic of this thread, the Horizon debacle is still not over (the software system is still in place) - most of the wrongly penalised sub-postmasters are still out of pocket - I'm not sure I would be leaping to take on the franchise being offered in Lordship Lane. -
Otherwise in Bellenden Road are brilliant! They’ve made me stage dresses, restructured vintage finds and are working on remodelling my late brothers huntsman tweed suit for my modern husband! Not cheap and rents have meant they are moving premises at mo. -
Penguin, I broadly agree, except that the Girobank was a genuinely innovative and successful operation. It’s rather ironic that after all these years we are now back to banking at the Post Office due to all the bank branch closures. I agree that the roots of the problem go back further than 2012 (?), when the PO and RM were separated so RM could be sold. I’m willing to blame Peter Mandelson, Margaret Thatcher or even Keith Joseph. But none of them will be standing for the local council, hoping to make capital out of the possible closure of Lordship Lane PO, as if they are in no way responsible. The Lib Dems can’t be let off the hook that easily.
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