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 Governor of the Bank of England said risks to Britain’s economy were “very much on the downside” and that the BoE was ready to take aggressive action to limit the impact of a resurgence in coronavirus cases. “There is an unprecedented level of uncertainty at the moment. And the …
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Cash payments have dropped to third place behind debit and credit card spending in 2018 for the first time. The British Retail Consortium’s latest Payment Survey found that debit cards are still the most popular method of payment, accounting for almost three-in-five transactions. The use of cash payments has been …
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