Simon Recaldin expressed that the government’s announcement of a £600,000 compensation for wrongly convicted subpostmasters was a political decision, stating they were not consulted during its formulation.
The Post Office is set to pay £650 million in financial redress with an anticipated final cost reaching £1.4 billion, indicating the scale of the issue.
Recaldin praised the £600,000 payment proposal as an 'inspired idea' to expedite compensation but criticized how it was imposed without consultation.
He revealed that he found out about the government's plan in a quarterly shareholder meeting, which contributed to the perception of secrecy surrounding the announcement.
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