Alan Bates calls for subpostmaster claims to be settled by March

Published On Sep 19, 2024, 1:10 PM

Sir Alan Bates, a former subpostmaster, is urging the UK government to set a deadline of March 2025 for compensating victims of the Horizon IT scandal. Concerns have been raised about the slow progress of the compensation scheme, with only 201 of the 492 eligible subpostmasters having received full payments. Bates criticizes the government for possibly dragging out the process and maximizing legal costs, estimated to be around £500 million. He advocates for stronger action to ensure all claims are addressed promptly, amid assurances from government representatives that they are working to expedite payments.

Stock Forecasts

The ongoing developments regarding the Horizon IT scandal and the government's handling of compensation claims may lead to increased public attention on related companies within the tech and legal sectors involved in the scandal, as well as the Post Office's operations. If a resolution is achieved and payments are expedited, it could improve public sentiment and restore trust in the involved institutions.

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More than 4,000 people caught up in the Horizon scandal are trying to obtain remuneration for their suffering.