Royal Mail has been fined £10.5m by the communications regulator Ofcom for failing to meet delivery targets for first and second-class mail in the 2023-2024 financial year. The penalty was nearly double last year’s fine of £5.6m for failing to meet obligations under the Universal Service Obligation. Under Ofcom’s standards, …
Read More »Royal Mail threatens to put postal service into administration
Royal Mail issued a threat to put its loss-making postal service into administration, it emerged on Tuesday, amid escalating talks with union chiefs. According to the Telegraph, the postal operator – part of the recently-renamed International Distributions Services – had warned unions that it could place the regulated part of …
Read More »Post Office workers stage first 24-hour strike
Around 1,500 Post Office workers walked off the job on Monday, in the first 24-hour strike over pay at the state-owned company. Members of the Communication Workers Union (CWU) at Crown post offices were taking part in the action on Monday, after the company offered a 3% pay rise for …
Read More »Cash spending falls behind credit card payments for the first time
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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