The Post Office is to launch a low-cost home insurance product as part of its crusade to position itself as a consumer champion.
The product, branded Post Office Home Insurance, will be a low-cost contents insurance package aimed at consumers who rent properties and those who do not need high-value cover.
Deutsche Post AG, Germany’s postal services monopoly, has issued a strong denial of accusations by the country’s Commissioner of audits that it does not pay enough VAT. Edgar Ernst, head of finance, said that Deutsche Post had special legal dispensations exempting parts of its business from VAT. The spat was sparked by a report which concluded that Deutsche Post should collect an additional 445m euros in VAT per year.
Read MoreBritain’s postal workers voted Thursday in favor of striking to back demands for a pay increase, though no dates have been set for a walkout.
Members of the Communication Workers Union employed by the Royal Mail voted 63 percent in favor of a strike. Sixty-five percent of the union’s 145,000 postal members took part in the ballot.
Members of the Communication Workers Union have voted overwhelmingly to support an executive council recommendation to take strike action over Royal Mail pay. 145,000 ballot papers were sent out to members and the results were as follows. here was a 65 per cent return 63 per cent voted in favour of taking industrial action 37 per cent voted against.
Read MoreFortec, part of the Geodis Group, is expanding its services to Ireland.
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