: Royal Mail has warned that its heavily lossmaking business will be hit by a further £120m of costs from the budget increase in employer national … Source link

An inquest has been opened into the death of a Plymouth man who died while on holiday in Germany. The passing of 64-year-old Peter Cullen was recorded at a public hearing on November 18 by area coroner Alison Longhorn at Exeter County Hall, now the main coroner’s court for Devon, …

Royal Mail has warned that it faces an additional £120 million in costs due to the upcoming increase in employer National Insurance contributions announced in the recent Budget. The heavily loss-making postal service stated that the rise will disproportionately impact its operations because of its large workforce of around 130,000 …

Royal Mail’s top brass has signalled potential further stamp price increases following a £120million National Insurance escalation as a result of the Budget. Martin Seidenberg, the head honcho of the postal behemoth’s parent company, has not dismissed additional job cuts due to the rising expenses. “We are looking at all …

By CALUM MUIRHEAD Updated: 17:01 EST, 21 November 2024 Royal Mail has warned of more price hikes as a result of the Chancellor’s National Insurance raid. Martin Seidenberg, head of parent company International Distribution Services (IDS), said it would need to raise prices to offset a £120million hit from measures …

With a potential takeover by Czech billionaire Daniel Křetínský’s EP Group, tens of thousands of jobs and the future of our postal service are on the line. Join Dave Ward & Martin Walsh as they provide updates on the ongoing negotiations and the plans to protect our future. Questions are …

Royal Mail owner has warned they will not rule out job losses and price rises has they are facing a £120 million hit from Labour’s Autumn Budget. Labour’s Budget will hit Royal Mail “harder compared to our competitors,” warned Martin Seidenberg, chief executive of parent firm International Distribution Services (IDS). …

Martin Seidenberg, chief executive of parent firm International Distribution Services (IDS), said measures from Rachel Reeves’ maiden Budget last month will “hit us harder compared to our competitors”. The firm said a £134 million write-down linked to the national insurance increase has stopped it returning to profit for the past …

By JANE DENTON Updated: 05:50 EST, 21 November 2024 Further Royal Mail price hikes could be on the cards after the owner of the postal service flagged greater cost pressures arising from the Autumn Budget.  International Distribution Services said it could not rule out price hikes and greater use of …

The price of a first class stamp has rocketed from 60p to £1.65 since Royal Mail was privatised and could jump again Threat of new stamp price hike after £120m cost to Royal Mail of national insurance rise ( Image: ROYAL MAIL GROUP/AFP via Getty I) Royal Mail has threatened …