UK Post watchdog risks uproar over regulatory ‘light touch’
Postcomm is risking the wrath of Royal Mail by pledging to treat new entrants to the postal market with a regulatory ‘light touch’. The move, outlined in the watchdog’s corporate strategy for the next three years, is designed to free them from unnecessary regulation. A Postcomm spokeswoman says that it is doing what is necessary to prevent abuse of the system, rather than for its own sake. She explains: “In a fully competitive market, regulation is not necessary, as weaker players will be edged out.”
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