Postwatch chairman Carr turns up heat on UK Royal Mail
Postwatch chairman Peter Carr has waded into the row over Postcomm’s pricing proposals, tongue-lashing Royal Mail for claiming the price- freeze would starve the company of cash. The watchdog maintains that the plans allow a minimum capital expenditure of GBP750m up until 2010. It claims, in fact, that Royal Mail will spend GBP40m less than its budget under the current deal. A Postwatch spokesman says: “Royal Mail is making an issue out of nothing. It is not being starved of investment. Quite the contrary, it has the freedom and the money.”
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