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Is the Post Office bank starting to fall apart?

As the UK government today announced news of a significant investment into the UK Post Office network, which will result in banking services becoming available up and down the country, these very ambitious plans are already under attack. In a bitter blow to the UK government it has been revealed that a joint-venture with Bank of Ireland will see the Post Office hand over 50% of all banking profits but that this is not the only problem for the UK government.

It has also been revealed that despite having over 11,500 Post Offices in the UK network, only 330 outlets are manned by staff qualified to offer financial advice and sell the full range of services which the UK government has earmarked for the Post Office network. Yet again it appears that the UK government has rushed out a policy to grab the headlines only for the idea to fall apart in the aftermath.

As we approach the next general election there is no doubt that all parties will look to grab the headlines when potentially there is less substance behind the bluster. It is not only the UK government which has undergone such strategies over the last few weeks, with the Conservatives and the Liberal Democrats also looking to grab the headlines and then worry about the substance later.

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