Summary
- Britain’s biggest banks are preparing for talks with the Post Office over a new deal to allow customers to withdraw cash at its branches
- Negotiations will focus on a new Banking Framework Agreement as the existing deal is set to expire next year
- The Post Office may demand an increase in the fee banks pay to use its branches, with speculations of up to £400m annually
- The talks come at a critical time for the Post Office, which has faced scandals and relies on an annual government subsidy
