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While today’s decision by the Bank of England MPC was literally a no brainer it does not help the thousands of home owners who are struggling to make ends meet. As we read another report from the...
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Saturday 31st May 2008
Even though the Royal Mail has been under extreme pressure for a number of years it seems that the expected end to post office closures may be delayed. A report from an influential committee of MPs will this week confirm that the management of Royal Mail were not able to give a guarantee that the number of post offices in the network would stay above 11,500.
The company recent announced the planned closure of a further 2,500 post offices taking the limit down to the government declared minimum of 11,500. The committee of MPs are seriously thinking of reporting the company to the regulator Postcomm to try to resolve the issue as quickly as possible.
However, while the number of active post offices is set to fall significantly over the next couple of years, there are some in the business who blame the government and the competition authorities. They were the people that opened up the UK postal market at a time when Royal Mail was not in shape to compete.
There have also been major problems with the company’s pension scheme and a number of strikes over the last few years which have further deteriorated any confidence left in the operation. Quite where the closures will stop is unsure, but Royal Mail is not yet a competitive operation. |
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