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Calls to boycott Royal Mail

As we covered yesterday, this Christmas will be very difficult for those expecting gifts and cards through the post and many businesses may well see their cash flow impacted adversely by the proposed strike action at Royal Mail. Not only has the company allegedly lost a £25 million contract with Amazon but eBay and Argos are reviewing their arrangements ahead of the vital Christmas period. So what next for Royal Mail?

There is no doubt that the company is in a very difficult situation, with business going elsewhere, cash flow under pressure and a massive pension fund deficit. The UK government has effectively washed its hands of the situation at this stage of proceedings although many people feel that Gordon Brown and Lord Mandelson will at some stage have to "join the party". The Royal Mail business is in great danger of going from the pinnacle of the UK postal industry to the bottom of the pile with a chorus of criticism and an expectation that many people will look elsewhere.

While many companies have benefited from moving to more commercial terms ahead of a possible flotation on the stock market, it would appear that Royal Mail is not one of them.

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