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Telegraph.co.uk |
Royal Mail escapes price caps as regulator gives clean bill of health to postal service
Telegraph.co.uk Ofcom brought in a new regulatory framework in 2012 after the strain of the “universal postal system” pushed Royal Mail to a £100m loss. Under the universal system, the company is required to deliver to every UK address six days a week at a standard price. Delivery targets could be eased at Royal Mail to help staff cope with the flood of parcels triggered by Black Friday Ofcom wraps up Royal Mail review ruling that it continue as norm for next five years Ofcom will leave current postal rules in place for five years after Royal Mail performance improves |
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