Tag: UK

Regulator defends move to liberalise the post

Postcomm, the independent regulator, has denied it was setting out to destroy Consignia and the universal postal service with its proposals to liberalise the postal market. Martin Stanley, Postcomm chief executive, told MPs yesterday that Consignia should remain a dominant force once the market was open and would not be crippled by “overzealous regulators”.

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EU clears UK to set up Post Office bank for benefit payments

The European Commission said it cleared the UK to set up a Post Office Bank to provide simplified standard current accounts for benefit recipients who do not use normal banks. The clearance is part of a commission decision not to object to universal banking services proposals notified by the UK, it said

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