Here’s the truth – we send far fewer letters than we used to. Electronic communication is faster, cheaper and (much) more reliable. It is against this backdrop that the watchdog Ofcom kicked off a “national debate” on the future of the Royal Mail’s universal service obligation (USO) at the beginning …
Read More »When the board of Royal Mail’s parent company rolled over in May and recommended a £3.6bn takeover offer from a Daniel Křetínský-led bid vehicle, one reason it gave was “significant uncertainty” around regulatory reform. That was a fair description at the time of Ofcom’s leisurely approach to reviewing the universal …
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Postal workers fear they could lose their jobs if Royal Mail is allowed to end the delivery of second class letters on Saturdays. Staff have claimed they have been told to prioritise delivering parcels over letters as these are more profitable. An overhaul of the postal service is being considered …
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When’s the last time you bought a postage stamp? Granted, to do that you have to locate a post office which will probably be at the back of an off licence, past piles of confectionery, rather than in one of the handsome municipal buildings where they were once to be …
Read More »Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Royal Mail — a business built on delivering messages — has received a clear one from regulator Ofcom: we hear you. The universal service obligation to deliver six days a …
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OFCOM faced criticism yesterday for keeping the Communication Workers Union (CWU) in the dark before announcing that Royal Mail could be allowed to end the delivery of second-class letters on Saturdays. The regulator, which is also investigating whether to permit second-class deliveries to be made on alternate weekdays, said the proposed changes …
Read More »Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s communications regulator looks set to allow Royal Mail to end second-class postal deliveries on Saturdays as part of a package of changes that it said was vital to …
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[PA Media] Royal Mail could be allowed to end the delivery of second class letters on Saturdays, as part of reforms being considered by the regulator. Ofcom is also investigating whether to allow second class deliveries to be made on alternate weekdays, which could help cut costs for Royal Mail. …
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5 September 2024, 10:32 Second-class letter deliveries in UK could be scrapped on Saturdays. Picture: Alamy Royal Mail is poised to axe part of its Saturday delivery service as part of a series of proposed reforms. First-class letters would continue to be delivered six days a week under changes to …
Read More »“More stable market conditions were welcome after the recent sell-off, with tentative signs that some investors might be shifting their mindset from panic to a state of calm,” says Russ Mould, Investment Director at AJ Bell. “Nvidia was among the big names caught up in the sell-off and pre-market trading …
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