The price of sending a first-class letter is set to rocket because European bureaucrats want to impose VAT on British postal services.
EU Commissioners in Brussels are proposing the tax – which could add 17.5 per cent to the postage cost of all letters and parcels – because they want member states to have the same policies on postal services.
But the idea has already drawn outrage from Royal Mail and consumer groups.
Read MoreOPTAs (Dutch regulator) Annual Report and Market Vision – includes reference to TPGs market share
Read MoreThe Competition Commission has sent an issues letter to the main parties, Neopost SA (Neopost) and Ascom Holding AG (Ascom) in its inquiry into the proposed acquisition by Neopost of certain assets of Ascom.
Read MoreThe Profitability of the Mail Division of Deutsche Post – a report for UPS by National Economic Research Associates (NERA).
P:LIBRARYPostalThe profitability of the Mail Division of Deutsche Post – Nera report.pdf
The postal services’ consumer watchdog has condemned the Royal Mail for penalising companies with bilingual names which use its redirection service.
Royal Mail’s present policy means companies with a bilingual name have to pay GBP126 a year to redirect letters, when companies with one name only pay GBP63. Eifion Pritchard, chairman of Postwatch Wales, said, “This situation is totally unacceptable. The Royal Mail is forcing companies with a bilingual name to pay twice for redirecting their post”.
Read MoreTransportes Azkar SA said it expects sales to rise by 9
pct in 2003
from the 253.66 mln eur reported a year earlier, while EBITDA is seen increasing by 10 pct from 39.64 mln.
In a presentation of the group’s 2002 results, Azkar also said it plans to invest 22 mln eur in 2003, on a par with investments a year earlier.
Read MoreGerman postal group Deutsche Post World Net said on Friday it plans to invest millions of dollars in Asia this year as part of its aim to maintain double-digit revenue growth in the region. ‘It’s in the three-digit million area for one year, in U.S. dollars,’ Klaus Zumwinkel, chairman of the board of management of Deutsche Post, told a news conference in Singapore. ‘In Asia, we are growing double-digit in revenues so we need more people and more investments.’
Read MoreMail deliveries are becoming more reliable after an increase in the number of letters arriving on time, new figures showed today.
The number of first class letters delivered a day after posting was 91.8% between last April and December, a 2.5% improvement over the previous year.
Second class mail performance was 98.3% over the same period, up by 0.6% on the previous year.
Read More
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