Royal Mail welcomes independent review panel proposals

Under the terms of the proposals Royal Mail will be allowed to enter into partnerships with private sector companies.

Under the terms of the proposals Royal Mail will be allowed to enter into partnerships with private sector companies.

Royal Mail Chief Executive Adam Crozier said: “Royal Mail welcomes the package of proposals from the Independent Review Panel, led by Richard Hooper, which we firmly believe will help secure the future of the one-price-goes-anywhere Universal Service which is a crucial part of the social and economic fabric of the country and underpins the entire postal industry in the UK.

“Royal Mail also welcomes the recommendation by the Panel that Royal Mail and Post Office Ltd should each be allowed to develop and thrive in their different marketplaces, with the ability to focus on serving their particular customers’ needs. Our initial view is that the proposals, which have the full endorsement of the Government, offer a strong and secure future for Royal Mail and Post Office Ltd, and the ability to invest in the best interests of their people and their customers. We will of course be examining the document in more detail to assess the full implications for the company.”

The report states clearly that Royal Mail’s postal operations should remain as an integrated end-to-end business. Post Office Ltd, also part of Royal Mail Group, would remain entirely in public ownership, reflecting its strong social and community role, and would continue to deliver both Government and financial services to communities around the UK. The report specifically recommends that Post Office will continue to play an important role in helping to provide the Universal Service throughout the UK.