Ofcom Review Update: Royal Mail calls for “consistent approach to regulation”

Responding to the publication of Ofcom’s discussion document this morning, Royal Mail has issued a statement highlighting the “need for a consistent approach to regulation”. The full statement from Royal Mail reads: “Royal Mail notes Ofcom’s call for evidence in relation to its fundamental review of the regulation of the Company, to ensure the regulation remains appropriate and sufficient to secure the universal postal service.

“Royal Mail will continue to participate fully in Ofcom’s review. In particular we will be highlighting the need for a consistent approach to regulation. Ofcom’s existing framework, put in place in 2012 was to have provided certainty for seven years. Royal Mail believes it has used the commercial freedoms granted by Ofcom in a responsible and appropriate manner to help secure the financial sustainability of the Universal Service in the face of significant ongoing change across the postal market.”

Click here to access the Ofcom discussion document.