Royal Mail plans to cut 2nd-class deliveries to save £300m a year
said just 74.7 per cent of first class post was delivered on time in the past year — well short of the 93 per cent target.Royal Mail has been fined £10.5million for missing its post delivery targets again. pictured Czech billionaire Daniel Kretinsky, who is set to purchase the serviceSecond class post was delivered 92.7 per cent on time — but still adrift of its 98.5 per cent objective.
Ian Strawhorne, from Ofcom, said: “With millions of letters arriving late, far too many people aren’t getting what they pay for when they buy a stamp.Job vacancies see sharpest fall for 4 YEARS after Budget tax raid hits businesses Tom MacInnes, from Citizens Advice, said: “Failing to hit a single delivery target for nearly five years is simply unacceptable by Royal Mail, and it’s consumers left facing the consequences.”
The underperformance comes despite Royal Mail increasing the price of first class stamps by 30p to £1.65 while second class stamps are still 85p. Royal Mail is pushing the Government to reform its universal service obligations and drop second class deliveries to every other day.Frasers, the online retailer’s largest shareholder, wants two seats.Shaun Pulfrey, inventor of the Tangle Teezer hairbrush, which was valued at £165million in a sale to biro maker Bic
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