Author: Archive

Postal regulator Graham Corbett is to be ousted by the government in a clear victory for Royal Mail chairman Allan Leighton who has been at war with him over stamp price increases and competition. Announcement of the decision by trade and industry secretary Patricia Hewitt could be made as early as tomorrow triggering an immediate rush to find a successor. Ms Hewitt will argue that Mr Corbett has successfully completed the start-up phase of regulation in his contractual three year deal but that it is now time to find someone else to develop regulation to a new level.