UK Parcelforce has big unfair advantage, says TNT boss
Parcelforce has an unfair advantage and should be privatised, the managing director of rival TNT Express Services has claimed. Tom Bell attacked the Royal Mail’s parcel delivery business claiming its VAT exemption was unfair and discriminatory. “It’s not just companies such as mine which are being discriminated against. The taxpayer is losing out because Parcelforce should be paying VAT and those taxes could be used for the greater good of the country,” Mr Bell said. Atherstone-based TNT said the comments echoed sentiments from think-tank The Institute of Economic Affairs. Last year, the IEA said there was no case for Parcelforce to remain in Government ownership and that it should be privatised, even if it led to it going out of business. Mr Bell said: “Parcelforce is subsidised by the Government.
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