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Written question asked by Lord Arbuthnot of Edrom (Conservative) on Monday, 22 June 2020, in the House of Lords. It was due for an answer on Monday, 6 July 2020. It was answered by Lord Callanan (Conservative) on Monday, 6 July 2020 on behalf of the Department for Business, Energy and Industrial Strategy.

Post Office: Accounting Officers

Question

To ask Her Majesty's Government what are the responsibilities of the Accounting Officer with responsibility for the Post Office.

Answer

The responsibilities of Principal Accounting Officers (PAOs) are set out in Managing Public Money. For Post Office Ltd. (POL) the PAO is the BEIS Permanent Secretary.

Specifically, the PAO is accountable to Parliament in respect of POL and for ensuring that arrangements are in place for shareholder oversight of POL. The PAO is also responsible for advising the responsible Minister, including in areas such as:

(i) an appropriate framework of objectives and targets for POL in the light of BEIS’s

wider strategic aims and priorities;

(ii) an appropriate allocation of BEIS’ budget for POL in the light of BEIS’s overall

expenditure priorities; and

(iii) how well POL is achieving its strategic objectives and if it is delivering Value for

Secondary information

Type
Written question
Reference
HL5973
Session
2019-21
Subjects
Post Office Accounting officers
Link
View this Written question on www.parliament.uk