The Post Office is pushing for an increase from £250 million to £350-400 million in fees from banks for using its branch network, highlighting its essential role for customers needing cash access.
The deal is intended to maintain essential services for millions who still rely on physical branches, especially as over 6,000 high street lenders have closed in the last decade.
Post Office chairman Nigel Railton's pledge for higher pay for sub-postmasters ties into the need for a larger fee from banks, showcasing the financial supports needed post-Horizon IT scandal.
Despite ongoing public subsidies, Post Office leadership is aiming for commercial sustainability, emphasizing the significance of cash access, particularly for vulnerable and digitally less connected populations.
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