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Post Office Limited, formerly Post Office Counters Limited and commonly known as the Post Office, is a state-owned retail post office company in the United Kingdom that provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change and identity verification services to the public through its nationwide network of around 11,500 ...
The Royal Mail does not cross-subsidise post offices. Post Office Counters has been run as an independent business since 1986 and has been profitable throughout that period. Some post offices in rural areas do, of course, make a loss on a strict accounting basis. Post Office Counters has existing powers to support such post offices.
Use of the Post Office brand was afterwards restricted to the counters business ('Post Office Counters Ltd' since 1987), which was duly renamed Post Office Limited; it continued to operate as a wholly-owned subsidiary of Royal Mail Group plc until 2012, when the two were separated in preparation for the latter's privatisation. [46]
The General Post Office (GPO) [1] was the state postal system and telecommunications carrier of the United Kingdom until 1969. [2] Established in England in the 17th century, the GPO was a state monopoly covering the dispatch of items from a specific sender to a specific receiver (which was to be of great importance when new forms of communication were invented); it was overseen by a ...
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