John Roberts, the Post Office chief executive, on Tuesday said the company planned to turn last year’s net deficit of £264m ($378m) into a profit of £300m within three years, despite a new regulatory regime that will cut up to £100m from net profits.
Read MoreDeutsche Post, the German postal company, is to pay a E24m ($21.7m) fine and restructure its operations after the European Commission ruled on Tuesday that it had illegally cross-subsidised services
Read MoreMILLIONS of letters are still being delivered late and the cost of sending
mail is too expensive. That is the damning verdict of a new report on the Post Office. A radical overhaul is recommended.
THE Post Office should be split into two divisions and its distribution
business privatised as soon as possible, according to a report from the Centre for Policy Studies published today
THE POST Office should be broken up and privatised if it is to preserve its
standing as one of the nations most-respected brands, a right- of-centre
think-tank says today.
A report from the Centre for Policy Studies argues that the Royal Mail and
Parcelforce need to be split off from the Counters network quickly and sold
off separately
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