Tag: Royal Mail

Postcomm today announced its revised proposals for a price control that will permit Royal Mail to raise the price of 1st and 2nd class stamps by 1p from April 2003 – and give it the option to raise 2nd class stamp prices by a further 1p in 2004 or 2005. Today’s proposals take account of 21 responses to the consultation on Postcomm’s initial proposals, published in October 2002. The three-year control, published today for statutory consultation, will allow Royal Mail approximately £750m extra cash over the three years.

Royal Mail must deliver or die, as it faces serious competition for the first time. From tomorrow, the European postal services directive will reduce the part of the postal market that can be reserved to national monopoly operators.