The Need for Improved Service
Presentation by IMRG at WME E06
P:LibraryWME Europe 06 presentationsColum_Joyce.ppt
Tag: UK
Postal operators welcome Brussels legal challenge to VAT exemption of Royal Mail
Private sector post operators yesterday welcomed the European Commission’s launch of legal proceedings against the government for exempting Royal Mail’s postal services from value added tax. The state-owned postal service enjoys exemption from VAT that rivals say gives it an automatic price advantage in a market that was opened to full competition on January 1. However, bulk mailers were divided on a move that could lead to higher postal charges for some business sectors, including some of the largest mail users. Royal Mail warned that ending the exemption could mean higher prices for the majority of its users who cannot use private operators. “We wouldn’t want to see VAT on postage stamps that individuals, small businesses and charities would have to pay,” it said.
Read MoreJersey Post is set to become a private company by July
The States have been recommended to approve the transfer of postal administration from the government to an incorporated business. Jersey Post would then operate like Jersey Telecom and Jersey Water with the States as the largest shareholder. The 1969 agreement between Royal Mail and the States will also be reviewed, which could pass responsibility for postal services back to the island.
Read MoreCompetitive Market Review: Tackling barriers to entry in postal services. Final decisions and recommendations
Following consultation, Postcomm has today published a decision document setting out its conclusions and recommendations on tackling the barriers to entry in the postal services market that were identified in its Competitive Market Review published in November 2005.
P:LibraryPostalPostComm Formal DocumentsCompetitive_Market_Review_ final_decisions_Apr_2006.pdf
Read MoreANC set fair with new deal
ANC Group’s six-strong management group has taken a majority shareholding and secured a new long term equity investor.
The result of the funding deal is that: RBS and Halifax BoS have excited the company: the management have added 50% of the company to their earlier shareholding and now own 73.75%; and Lloyds TSB Development Capital owns 26.25%, with a commitment to retain its stake for seven years.
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