CITY AM – The Postman only rings thrice
Royal Mail: Analysts and businesses warn delivery cuts no panacea to firm’s woes
CITY AM says Daily Royal Mail deliveries are vital to the UK economy and losing them could risk “real disruption” to the nation’s finances, MPs and business lobbyists have warned.
Watchdog Ofcom has called for the modernising of Royal Mail, with proposals including a slower first-class service and reducing the number of delivery days from six to three.
The communications regulator said reducing letter delivery days from six to five would save the Royal Mail £100-200m, whilst reducing it to three days a week could save £400-650m.
But politicians and business groups hit back at the moves to alter the universal service obligation (USO) of a six-day a week delivery guarantee, leading analysts to predict change could still be some way off.
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