Tag: UK

Postcomm modifies UK Mail’s licence

Following consultation, Postcomm today approved a modification to the interim postal licence held by UK Mail Ltd.
The modification will allow UK Mail to carry out a wider range of activities for its existing business customers in the event of industrial action by Royal Mail workers, or an emergency or a natural disaster.

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Lost Mail Costs £450M

Late and lost mail cost businesses Pounds 450million last year, a report by Postwatch revealed yesterday.

Over half of companies said delays affected them. Some 7.3 per cent said they were “dissatisfied” with Royal Mail.

But over eight out of ten were “satisfied”.

The Royal Mail said: “For the past 15 months, nine out of ten first class letters have been arriving the next working day.”

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Post Office deal to hit A&L profits

Alliance & Leicester, owner of Girobank, has admitted that next year’s arrival of the Universal Bank will knock a hole in its profits.

Girobank processes £1 billion in notes and coins each week for the Post Office, which will administer the new Universal Bank. At present, the Post Office uses its 17,500 branches to pay out this money each week to pensioners, as well as operating basic bank accounts for the less well off and those on benefits.

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