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UK government vows payouts in Post Office scandal

THE UK government on Tuesday (14) promised to pay final settlements to Post Office workers wrongly convicted of defrauding their branches due to computer glitches in a major miscarriage of justice.

The scandal saw the Post Office prosecute hundreds running small local branches for alleged false accounting and theft, after its IT system called Horizon reported shortfalls between 2000 and 2014.


Some of the subpostmasters were imprisoned and others failed to find other jobs and lost their homes.

In 2019, the High Court ruled that the IT system was affected by bugs and defects and courts have gone on to quash 72 convictions.

Postal Affairs minister Paul Scully said in a statement that the government was making funding available to allow the Post Office "to make final compensation payments to postmasters whose convictions have been overturned".

The Post Office has the government's department for business as its sole shareholder.

There are "potentially hundreds more postmasters whose convictions have relied on Horizon evidence and may seek to have their convictions quashed," Scully added.

"By providing this funding, Government is helping Post Office deliver the fair compensation postmasters deserve," the minister said.

In a tweet, he said "the Horizon dispute has had a horrendous impact on many postmasters and their families".

The minister's statement was released ahead of a meeting of MPs with former subpostmasters, who described the financial toll they had faced.

They said that questions remained over whether hundreds who had paid back erroneous shortfalls to the Post Office but were not convicted would receive compensation payments.

(AFP)

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Highlights

  • Average UK house price rose 0.3 per cent in October to £272,226, down from 0.5 per cent growth in September.
  • Annual house price growth edged up to 2.4 per cent, with market remaining resilient despite mortgage rates being double pre-pandemic levels.
  • Buyers delaying purchases amid speculation that November budget could introduce new property taxes on homes worth over £500,000.
British house prices grew at a slower pace in October as buyers adopted a wait-and-see approach ahead of the government's budget announcement on 26 November, according to data from mortgage lender Nationwide.

The average house price increased by 0.3 per cent month-on-month in October to £272,226, down from a 0.5 per cent rise in September. Despite the monthly slowdown, annual house price growth accelerated slightly to 2.4 per cent, up from 2.2 per cent in the previous month.

Robert Gardner, Nationwide's chief economist, said the market had demonstrated broad stability in recent months. "Against a backdrop of subdued consumer confidence and signs of weakening in the labour market, this performance indicates resilience, especially since mortgage rates are more than double the level they were before Covid struck and house prices are close to all-time highs".

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