Tag: Royal Mail

UK Government: Hewitt announces GBP300 million package for rural post offices

Posted by | Sep 16, 2004 | |

Trade and Industry Secretary Patricia Hewitt today announced a new Government support package to help rural post offices. Up to GBP300 million will be made available from 2006 to 2008, extending the current three year financial support package which runs until 2006. The current three year package – worth GBP450million – was intended as a transitional measure, designed to help rural post offices through the changes in the network’s business between 2003 and 2006. The Government has decided to extend the funding to 2008 to allow sufficient time for lessons to be learned from the pilots’ activities testing new ways of delivering services in rural areas.

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Clydesdale Bank announces alliance with UK Post Office

Posted by | Sep 15, 2004 | |

Clydesdale Bank today announced an agreement to give customers access to banking services at Post Office® branches. From 1 October, Clydesdale Bank customers will be able to withdraw and deposit cash, check balances and deposit cheques at any of the 1799 Post Office® branches in Scotland and a further 13,857 around the rest of the UK at no extra charge. David Mills, Chief Executive Post Office Ltd said: “Post Office Ltd has established itself as a key provider of banking services through its extensive branch network, especially in rural areas, as 60 per cent of villages have a Post Office® branch but only 9 per cent have a bank branch.

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The Post Office: Six first-class and £10,000, please

Posted by | Sep 15, 2004 | |

The Post Office has diversified into personal loans. Will it pay off?

FOREIGN currency, travel insurance, tickets to Disneyland, car tax, television licences, mobile-phone top-ups–not forgetting the stamps–are some of the products that the Post Office will sell you these days. A new one has now joined them: personal loans, with motor insurance and a credit card to come.

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Kennedy puts veto on Lib Dem proposal to privatise UK Royal Mail

Posted by | Sep 14, 2004 | |

CHARLES KENNEDY has vetoed a proposal to privatise the Royal Mail before the launch of a Liberal Democrat manifesto today, renewing talk of a left-right split in the party.

Senior MPs in the party believed that the proposal, prepared by Malcolm Bruce, the Liberal Democrat trade and industry spokesman, was “too right- wing”.

In a dramatic vote, most of the front bench, led by Mr Kennedy, voted to scrap the sale, which was expected to be part of the manifesto. The move is said to have followed a heated debate among many MPs that the party was becoming too wedded to the idea of privatisation and the free market.

One senior MP said after the vote: “We were pretty unhappy about this sell-off idea and thought it would send the wrong message about the party. We voted it down. I don’t think Charles liked the proposal at all.”

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Stamp prices lift UK Postcomm costs to pounds 10m

Posted by | Sep 14, 2004 | |

Postcomm, the regulator for Britain’s mail system, will see its costs spiral from pounds 5.94m in 2002-03 to pounds 10.2m in 2004-05, according to the organisation’s annual report. The regulator is funded mainly by the Royal Mail, which is owned by the Government, and any increase in costs must be approved by the Department of Trade & Industry. Yesterday a spokesman for the organisation said that the money would be spent on extra consultants to look at whether the price of stamps will be increased. “We have a very small number of staff, so we tend to employ consultants,” he said. The bill for “outside consultants, lawyers etc” is expected to increase from pounds 2.22m in the last year to pounds 5.3m next.

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