Modification of the conditions of the licence granted to Royal Mail Group plc. Postcomm recently amended the licence under which Royal Mail offers postal services in the UK to include the new price control, service standards etc, effective 1 April 04.
Read MoreRoyal 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.”
Forward Work Programme & Business Plan 2003 – final version
Read MoreDeutsche Post, the German postal group, yesterday stepped up its rivalry with the Royal Mail in the UK’s rapidly deregulating parcels sector by taking control of Securicor Omega in a deal worth pounds 167m.
The German postal service bought the remaining 50% stake it did not own in the post and logistics business from Securicor. Deutsche Post refused to say whether it was also interested in mail assets coming up for sale at Hays.
Read MoreThe Institute of Public Policy Research, Labour’s favourite think-tank, will tomorrow urge the Government to consider privatising Britain’s postal service. In a report written by Dan Corry, the one-time special adviser to former Transport Secretary Stephen Byers, the IPPR will claim that in public hands the Royal Mail may be unable to compete in the deregulated postal market.
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