Royal Mail Under More Pressure
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.
Share this..
Related stories
Summer vets bills could soar
Pet owners will have to spend more on vets bills during the summer than the winter, the British Small Animal Veterinary Association (BSAVA) revealed.The fact that skin problems in animals are more likely to occur during the summertime means that pet owners could have to get vaccinations for their furry friends, particularly if they plan on putting them into a cattery or kennel while they go on hol...
Read MoreBP Looks To Escape A Russian Nightmare
While BP has always been one of the more active corporate players in the Russian market, even the oil giant seems to have seen enough. The group has announced that all 148 BP staff who were working for TNK-BP (the company's Russian joint venture) have been withdrawn and placed elsewhere in the region.
BP has been at the centre of what is turning into a very ugly fight over ownershi...
The UK economy suffers setback
Figures released today by the Office for National Statistics show that industrial production in the UK fell by 0.5% in June against analyst's forecasts of an increase of 0.2% for the month. Even though much of the reduction in industrial production can be put down to the fact that the oil and gas sector closed down early for its seasonal shutdown there are signs that other areas of the UK economy...
Read MoreEnergy bills have increased by 75% in last decade
10/12/2014 A government report has shown that household bills have increase by 75% from 2004 to 2014, much higher than the rate of general inflation, 23%. Government advisers have now warned that poor families in the UK will need more help to pay for heating their homes as energy bills rise this winter. A report from the Committee on Climate Change (CCC) has revealed that subsidies for...
Read MoreWhat will happen when more properties come onto the market?
As we have covered over the last few weeks, a number of property experts believe that the UK property sector is set to move higher in the latter part of 2009 and may actually move into positive ground compared to prices at the start of the year. However, cynics suggest that much of the increase in the "average price of a UK home" is primarily because of a shortage of quality homes on the market wh...
Read More