Business Post announces that its subsidiary, UK Mail Ltd, has received from the Postal Services Commission (“Postcomm”), the independent postal industry regulator, Postcomm’s confidential draft proposal for the trading terms whereunder Royal Mail Group plc would provide access to its facilities for downstream sorting and delivery for UK Mail’s proposed business mail service in the UK.
Read MoreThe future of the Post Office network is secure, a Scotland Office minister pledged yesterday.
Speaking at a conference in Inverness organised by the postal regulator Postcomm and the consumer watchdog Postwatch, the Scotland Office minister Anne McGuire said there had been government support for the industry.
She added: “We have committed £270 million to implement the recommendations of a Cabinet Office report which should help secure the future of the Post Office network.
Read MoreThe Prime Minister today said post office closures were “inevitable” and rejected claims that the Government was “bribing” people into quitting urban branches.
MPs last month approved a #210 million state aid package for the network which will see up to 3,000 branches close due to falling trade and massive losses.
Those that survive will be able to claim up to #10,000 each to fund improvements.
Read MoreRoyal Mail Group Chairman Allan Leighton today announced a new Board structure together with far-reaching changes to top management pay and conditions across the Group.
Mr Leighton said: “These are major changes. We have to move much more than just the deck chairs if we want to avoid being another Titanic! Seven external Board appointments and two internal promotions show that we mean business and we are starting from the top.”
Read MorePostcomm, the post regulator, has written to MPs accusing the Royal Mail of “straightforward scaremongering” over proposed controls on the price of a stamp. The row broke out after Royal Mail wrote to all 659 MPs warning that the new price regime would “choke the company” and the universal one-price service. In the letter Martin Stanley, the chief executive of PostComm, dismisses the Royal Mail as being far too pessimistic about the price control, which would let the price of first and second class stamps rise by 1p now, but would then freeze average prices until March 2006. Allan Leighton, the chairman of the Royal Mail, said: “Ours is a business in crisis, we’re taking this very seriously. From those comments, PostComm is not.”
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