UK Royal Mail could lose its monopoly years early
Royal Mail could lose its monopoly on delivering letters years early after a damning report found it beset by ‘abysmal failures’. Rival companies may be allowed to run competing postal services sooner than planned because of the’ dramatic decline’ in standards. The market was not due to be opened for three years, but regulators are considering introducing competition much earlier to give longsuffering customers a choice. Postal watchdog Postcomm made the announcement yesterday in its annual report which concluded that Royal Mail standards were ‘deteriorating’. Postcomm’s chief executive, Martin Stanley, said ‘We are examining the possibility that we might open the whole market much earlier than our original date of April 2007.’
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