Management gets extra points too for announcing the ploy just as many households begin to think about writing this year’s batch of Christmas cards. According to a recent analysis by The Telegraph, a first-class stamp is now so expensive that it would be cheaper to fly to some European cities …
Read More »Debt-laden Royal Mail is killing letter deliveries by a thousand cuts
Such a fate would greatly undermine the core purpose of the service. As the Greetings Card Association warns, the proposals appear to take the country “one step closer to the dismantling of a postal service that’s affordable and reliable”. Some would say it stopped being either of those things some time …
Read More »There’s a devastating debt bomb lurking inside the Royal Mail takeover
The potential for asset sales should be a genuine concern too. Both Royal Mail shareholders and experts believe Kretinsky could be getting his hands on one of the biggest corporate property portfolios in Europe – an estate of prime sites situated in towns up and down the country – on …
Read More »Czech Sphinx must offer Royal Mail guarantees that protect the consumer
The Government has shown little appetite to mount a defence. The Chancellor has talked in platitudes about how there are lessons to be learned from the debt crisis that has engulfed Thames Water at the same time as repeating the tired yet vague mantra that Britain must ensure it continues …
Read More »Royal Mail is a critical national asset – it should be treated as such
Labour may see a split as an opportunity to renationalise the Royal Mail, convinced that the state would make a better fist of reviving it. But shorn of the cross-subsidies that a highly profitable parcels operation provides, mounting losses from letter deliveries risk being immediately thrust onto the taxpayer. It’s …
Read More »Elon Musk may have finally lost the plot
“There’s absolutely no limit to this transformation. X will be the platform that can deliver, well….everything. @elonmusk and I are looking forward to working with our teams and every single one of our partners to bring X to the world,” Yaccarino went on. The scary part is that this stream …
Read More »Royal Mail has no more excuses to avoid fixing its failing business
The problem is that the USO can only be scrapped with Parliament’s say-so and it is refusing to play ball, business minister Kevin Hollinrake has announced. “As you will be aware, we currently have no plans to change the minimum requirements of the universal postal service,” he said in a …
Read More »Royal Mail’s boss Simon Thompson was bullied out by militant unions
The Labour MP has built up something of a following on the Left for his perceived skewering of company bosses during his time overseeing the business select committee but the impression was that he had already made up his mind about the Royal Mail chief. This was reinforced by the …
Read More »The unions are cracking under the cost-of-living crisis
From a standing start roughly three years ago, Openreach’s full fibre network now reaches 9m homes and businesses across the UK, while the pace of engineering is expected to ramp up from 2.6m premises last year to more than 3m this year, and again in 2023. But here’s the bit …
Read More »Royal Mail job cuts spell disaster for trade unions’ war on Britain
At times, the impression is that the recent wave of damaging strikes, not just at the Royal Mail, but also BT, the railways, the country’s ports, and other vital parts of the economy has been driven more by a desire among hard-left union barons to score points against a Tory …
Read More »