Skip to content
Monday 10 August 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
MorningWire

European business, markets and politics

FTSE 100
10,862.50
-0.35%
DAX
26,323.88
+0.02%
CAC 40
8,726.03
+0.13%
STOXX 50
6,535.62
+0.18%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Wednesday 17 April 2024 11:11 am  |  Updated:  Wednesday 17 April 2024 11:30 am

Post Office chief Nick Read ‘exonerated of all misconduct’ claims in external report

By: Jack Mendel and Morning Wire Reporter

Add as a preferred source on Google
Post Office chief executive Nick Read giving evidence to the Business and Trade Select Committee in the House of Commons, London, on the subject of Post Office and Horizon - Compensation: follow-up. Mr Read has been "exonerated of all misconduct charges" following an external report into his behaviour, the Post Office has said. Issue date: Wednesday April 17, 2024. PA Photo. See PA story POLITICS Horizon. Photo credit should read: House of Commons/UK Parliament/PA Wire
Post Office chief executive Nick Read giving evidence to the Business and Trade Select Committee in the House of Commons, London, on the subject of Post Office and Horizon - Compensation: follow-up. Mr Read has been "exonerated of all misconduct charges" following an external report into his behaviour, the Post Office has said. Issue date: Wednesday April 17, 2024. PA Photo. See PA story POLITICS Horizon. Photo credit should read: House of Commons/UK Parliament/PA Wire

The head of the Post Office has been “exonerated of all misconduct allegations” in an independent and unseen report released today.

Nick Read was let off the hook by an external report, which former chair Henry Staunton claimed contained accusations about his behaviour.

Among claims were related to Read’s “conduct and lack of his management of the many governance and compliance issues”.

He previously told the parliamentary Business and Trade Committee that “Read and his henchmen” had a bad attitude towards the Post Office’s HR boss.

Staunton claimed he was a “pain in the arse for focusing on tackling the toxic culture rather than prioritising Read’s salary”.

He said the file, referred to during his evidence to MPs in February, included Read’s “badgering over his salary and repeated threats to resign”.

The Post Office said Staunton’s claims contained “inaccuracies and falsehoods” and Read told his staff last month that he “absolutely refutes” bullying claims.

On Wednesday, the organisation said the report, compiled by barrister Marianne Tutin of Devereux Chambers, exonerated Read of all misconduct claims and he had the “united backing of the board”.

In a statement, the Post Office said: “Over the last few months an independent barrister has been investigating a Speak Up complaint into various allegations, which included a number of misconduct allegations against our CEO, Nick Read.

“Following several interviews and examination of documents by the barrister, Nick has been exonerated of all the misconduct allegations and has the full and united backing of the Board to continue to lead the business.

“The Board regards the Speak Up process as critical to the open and supportive culture it wants to encourage at the Post Office.

Read more

Questions raised over FCA’s new short-selling rules 

The FCA has been urged to show change in its motor finance redress scheme.

“The integrity of that Speak Up process relies on confidentiality for whistleblowers and therefore we will not be providing further detail on this or any other Speak Up investigation.

“It is unacceptable that this specific process was referred to in the public domain but notwithstanding that, Post Office wants to make clear that Speak Up allegations will always be thoroughly and consistently investigated, whoever they are aimed at.”

This comes as the Post Office has been embroiled in a major scandal over mishandling of prosecutions of former subpostmasters. The row came to a head following the airing of a drama on the TV, focusing on campaigner Alan Bates.

On Saturday, former subpostmaster Alan Bates has said he will pursue private prosecutions against those responsible for the Horizon IT scandal if the inquiry does not pass a file to prosecuting authorities.

It was also reported earlier this month, Bates had raised issues over the Horizon scandal to former minister and current Lib Dem leader Ed Davey, in 2010.

In March it was announced that wrongfully convicted sub-postmasters are set to be exonerated via a fresh law aimed at clearing the names of the Post Office Horizon IT scandal victims. Meanwhile. MPs said the Post Office is in “utter disarray” and called for the Horizon IT redress scheme to be removed.

Bates had his contract terminated by the Post Office in 2003 after refusing to accept liability for shortfalls in the accounts at his branch in Llandudno, North Wales.

The inquiry heard he first raised issues with the Horizon system in 2000, and on one day in December of that year he called the Post Office helpline seven times, with one call lasting around an hour.

A Department for Business and Trade. spokesperson said: “Ministers are pleased to confirm that the independent barrister has cleared the Post Office CEO, Nick Read, of the allegations against him and he remains in post and has the confidence of the government.

“We feel this report has drawn a line under the issue and now regard the matter as closed, which allows us to turn our full attention to ensuring postmasters are compensated quickly and fairly. The Government has already paid out £190 million to over 2,800 Post Office victims. This comes as legislation makes its way through Parliament to quash the convictions of hundreds of innocent sub-postmasters wrongly convicted as a result of the Horizon scandal.”

With contribution from  Josh Payne – Press Association

Read more

Battersea Power Station misreporting claims scrutinised by accounting watchdog

Breaking news scene with reporters, cameras, and microphones at a bustling press conference, spotlight on speaker podium

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Politics

Related Topics

  • Post Office

Trending Articles

  • Nottingham Forest owner Marinakis sues Crystal Palace for defamation

  • Back to basics: Sainsbury’s gradual retreat from the British high street

  • Thames Water faces fresh threat to survival after pensions regulation breach

  • Hargreaves Lansdown orders staff back to office

  • As it happened: Intel, Arm shares slide; Oil climbs higher

More from Morning Wire

  • Questions raised over FCA’s new short-selling rules 

    News
    The FCA has been urged to show change in its motor finance redress scheme.
  • Battersea Power Station misreporting claims scrutinised by accounting watchdog

    Accountancy
    Breaking news scene with reporters, cameras, and microphones at a bustling press conference, spotlight on speaker podium
  • PwC thought leadership reports ‘100 per cent AI generated’

    Big Four
    Teneo and PwC New Zealand executives shaking hands to finalize business restructuring unit acquisition deal
  • Tipalti’s New Payout Infrastructure Gap Report Reveals Outdated Payout Infrastructure Is Slowing Business Growth

    Business Wire
  • Tale of two cities: London leaps ahead in global finance but domestic growth stalls

    Economics
    Getty Images number 2154617464 depicts a relevant scene for the articles unidentified content, suitable for business context.
  • Construction sector cuts jobs again as house building slumps

    Industrials
    Rachel Reeves at construction site, inspecting housebuilding progress, highlighting Labours commitment to housing developm...
  • The City has the key that can unlock growth in every postcode

    Opinion
    Andy Burnham, Mayor of Greater Manchester, speaking at a podium with microphones.
  • Mead Johnson Welcomes Defense Verdict in Collins Case

    Business Wire
MorningWire

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

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

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