Post Office spent £132m defending itself at Horizon inquiry

Published On Dec 19, 2024, 12:06 PM

The Post Office has incurred £132 million in legal expenses defending itself during an inquiry into the wrongful convictions of over 900 sub-postmasters caused by issues with its Horizon IT system. The inquiry revealed one of the largest miscarriages of justice in British history, with victims suffering significant financial and personal losses. The Post Office's financial strain is evident as it reported a pre-tax loss of £612 million for the year, with legal costs and compensation affecting its bottom line. Future payments to victims are expected to rise as compensation efforts continue.