Tag: Royal Mail

Future of UK rural post offices in doubt

Posted by | Apr 1, 2003 | |

The future of nearly 6,800 rural UK post offices was thrown into doubt last night after it emerged that a European Commission decision on a crucial Pounds 450 million aid package has been delayed until the summer. Although the Government has already pledged money to maintain the loss-making rural post office network, it needs Commission approval before the cash can be paid. A decision from commissioners was expected this month but has been delayed.

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1p rise for First and Second class basic UK postage on May 8

Posted by | Mar 31, 2003 | |

First and Second class basic postage prices will rise by 1p on Thursday, May 8, Royal Mail confirmed today. The basic First Class stamp will rise to 28p and basic Second Class postage increases to 20p. It will be the first increase in the basic First Class stamp since April 2000. The basic 19p Second Class stamp is currently at the same price as it was at the end of 1993. Royal Mail had earlier this month said May 8 was the intended date for price rises to take effect. However, confirmation of the date has had to await today’s announcement from the postal regulator, Postcomm, on its three-year price control for Royal Mail.

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Postcomm modifies UK Royal Mail’s licence to include new price control

Posted by | Mar 31, 2003 | |

Postcomm today announced amendments to Royal Mail’s licence to include new three-year price control arrangements, to which Royal Mail agreed on 20 March.
The new arrangements allow Royal Mail to raise prices of 1st and 2nd class stamps by 1p shortly, as Postcomm understands Royal Mail intends to do. In all, the price control allows Royal Mail approximately £750m extra cash over the three years of the control. The licence amendments also open the way to an enforceable scheme to compensate domestic and business users for late delivery of post.

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UK Stamp price rise 'unjustified'

Posted by | Mar 31, 2003 | |

Royal Mail will today be given the freedom to increase the price of a first class stamp by 3p to 30p over the next two years, consumer lobby Postwatch
claimed in an attack on the industry regulator last night. “Postwatch is not convinced that a correct balance has been struck between the interests of consumers and those of Royal Mail in the regulator’s current proposals,” it said. “Consumers are being asked to pay significantly more than the 1p:1p originally proposed, with little justification by way of hard evidence or sound logic.”

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