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 …
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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 …
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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 …
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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). …
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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 …
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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 …
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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 …
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Royal Mail has warned stamp prices will rise AGAIN due to a £120 million hit from the Labour Party Budget. The boss of the postal service told reporters this morning that he could not rule out hiking stamp prices even higher. It comes as it faced the enormous burden of …
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Sales are up and losses have been significantly reduced at Royal Mail – but an expected £120m increase in costs due to the upcoming National Insurance hike has resulted in a £134m impairment charge at the business. Royal Mail parent group International Distribution Services (IDS) announced its interim results this …
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Royal Mail has announced plans to increase its prices after incurring a significant financial hit due to a tax change in the UK Budget. The postal service company is dealing with a £120 million impact from the tax raid introduced by Rachel Reeves. This measure notably includes a rise in …
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