“However, the number of letters we send and receive has declined by 46% over the last decade, as people and businesses increasingly use digital alternatives. And as the number of letters delivered each day falls, the average cost of delivery is increasing,” it said. Source link
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UK communications regulator Ofcom announced plans to review the nation’s universal postal service on Tuesday, as a result of the changing needs and habits of postal users. Ofcom said the universal postal service, underpinned by the Postal Services Act of 2011, mandated International Distributions Services subsidiary Royal Mail to deliver …
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THE Royal Mail has revealed how much the price of first class stamps will rise by within just weeks. The firm has announced they will go up from £1.10 to £1.25 on October 2. 1 Royal Mail first class stamps are rising by 15p within weeksCredit: Getty However, second class …
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Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email The price of a first-class stamp will jump by 15p from the start of October, Royal Mail has announced, but it has kept the price of second-class stamps …
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Royal Mail’s Net-Zero and near-term targets have been validated by the Science Based Targets initiative (SBTi). SBTi has validated that the corporate greenhouse gas emissions reduction targets submitted by Royal Mail are in line with the latest climate science to limit global warming to 1.5°C above pre-industrial levels. The targets are part of Royal Mail’s Steps …
Read More »A book of first-class stamps will cost £10 after Royal Mail raised prices for the second time in six months, despite failing to hit its delivery targets. Yesterday the company announced that it would increase the price of a first-class stamp from £1.10 to £1.25 from October 2, a rise …
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Royal Mail is agitating to end Saturday deliveries as it hits customers with yet another increase in the price of First Class stamps. The move would fundamentally change the 500-year-old postal service, which is currently obligated to deliver letters to every address six days a week. There are fears that …
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From 2 October 2023, the price of First Class stamps will increase by 15p to £1.25 due to increasing cost pressures, the challenging economic environment, and the lack of reform of the Universal Service Obligation (USO) despite the significant structural decline in letter volumes. The price of Second Class stamps …
Read More »Royal Mail would prefer not to deliver letters on Saturdays, a plea that would be more powerful if the company could get vaguely close to hitting the performance standards currently expected of it. The postal service was miles off last year. Only 74% of first-class letters were delivered on time, …
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In a letter to the Business Select Committee in June, he wrote: “The ability to send and receive letters and parcels is important both socially and economically. This is particularly true for consumers who might be more vulnerable.” Ofcom will publish evidence later in the year on how demand is …
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