Skip to content
Friday 21 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE · FR
MorningWire

European business, markets and politics

FTSE 100
10,816.56
+0.64%
DAX
26,136.56
+0.59%
CAC 40
8,484.43
+0.37%
STOXX 50
6,462.22
+0.63%
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
More
GermanyFranceEU InstitutionsCompetitionPublic AffairsBankingTechnologyEnergy
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Regulation
  • Politics
  • Opinion
  • DE
Sunday 27 March 2022 7:36 pm  |  Updated:  Sunday 27 March 2022 8:17 pm

All eyes on Fujitsu as Post Office Horizon scandal leaves taxpayer with hefty compensation bill

By: Leah Montebello

Add as a preferred source on Google

Pressure continues to mount on the Japanese IT giant Fujitsu to pay its share of compensation amid the ongoing Post Office public inquiry.

It comes after chancellor Rishi Sunak finally declared in the last few weeks that all the victims of the IT glitch would be compensated, which is likely to cost the taxpayer well beyond £1bn.

More than 700 branch managers were given criminal convictions between 2000 and 2014 when faulty accounting software called Horizon made it look as if money was missing. This caused significant trauma and financial ruin for many victims.

Whilst the public inquiry led by judge Sir Wyn Williams is expected to question Fujitsu witnesses in due course about its involvement, a 2019 court case brought by hundreds of postmasters already uncovered evidence of Fujitsu bugs in the Horizon computer system.

Labour MP Kate Osborne has said ministers should be “demanding some sort of financial assistance”, and criticised the government’s ongoing use of Fujitsu as a contractor.

It is understood that Fujitsu has failed to commit to any compensation to date.

Read more

Government urged to refuse £1bn British Steel repayment to Chinese former owner 

Labour's Jonathan Reynolds unveiled the industrial strategy in June.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Morning Wire Content
  • Business

Related Topics

  • Post Office

Trending Articles

  • House prices in wealthy London boroughs fall by up to £300,000

  • As it happened: Miners fuel FTSE 100 recovery; oil jumps as Trump claims Strait of Hormuz

  • City law firm sues prominent Emirati business family

  • Amanda Blanc has worked her magic at Aviva

  • As it happened: FTSE 100 rallies after JD Sports drags on blue chips; oil jumps again

More from Morning Wire

  • Government urged to refuse £1bn British Steel repayment to Chinese former owner 

    Politics
    Labour's Jonathan Reynolds unveiled the industrial strategy in June.
  • Government nationalises British Steel

    Industrials
    Britains steel industry facing challenges with potential shutdowns and job losses, highlighting economic impact.
  • Thames Water creditors open door to public control under Burnham

    Politics
    Thames Water infrastructure with pipes and valves, highlighting water management in urban areas amidst ongoing utility dis...
  • Burnham risks £4bn bill in Thames Water special administration

    Politics
    Thames Water infrastructure with pipes and maintenance workers, highlighting water management efforts in London
  • U.K. Enterprises Adopt AI-Augmented Operations

    Business Wire
  • Senior exec layoffs surge as firms brace for major employment law change

    Business
    Businessman eating lunch outdoors in Canada financial district
  • Andy Burnham will find there is a limit to tax rises

    Opinion
    At its core, an ISA is a "tax wrapper," a protective shell that shields your money from income tax and capital gains tax.
  • Ratcliffe’s Ineos saves Runcorn plant

    Industrials
    Manchester United minority owner Sir Jim Ratcliffe’s Ineos has announced a “significant strategic investment” into premium apparel brand Castore.
MorningWire

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • EU Institutions
  • Europe

Business

  • Markets
  • Business
  • Economy
  • Regulation
  • Competition
  • Public Affairs

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About Morning Wire
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 Morning Wire Ltd · Published by Morning Wire Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook