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Consumers and MPs demand to see Royal Mail financial report
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terrace
- Posts: 154
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Consumers and MPs demand to see Royal Mail financial report
Mp's demand to see Royal Mail financial report,fat chance!
check link
http://business.timesonline.co.uk/tol/b ... 224556.ece
They've been found out.
check link
http://business.timesonline.co.uk/tol/b ... 224556.ece
They've been found out.
Last edited by terrace on 09 Aug 2007, 10:29, edited 1 time in total.
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TrueBlueTerrier
- FORUM ADMINISTRATOR
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Text of article is:
Royal Mail came under attack yesterday for refusing to publish its delayed financial results as it emerged that it has given them to the postal regulator.
Royal Mail would not give a reason, but speculation is growing that it wants to avoid controversy over executive bonuses or hide the fact that its financial performance is better than expected. Both issues would prove tricky as it battles with the Communication Workers Union.
Royal Mail said that it had not set a date to make the results public. The figures are for its year to the end of March and usually are published in May. It has avoided a fine by sending the numbers to Postcomm within a deadline set by its licence, but the regulator has no obligation to make them public.
The delay comes as postal workers are staging a month of strikes in the worst dispute to hit the business for 11 years and as thousands of post offices are being closed.
Peter Luff, chairman of the Commons Trade and Industry Select Committee, called for immediate publication. He said: “This year, more than any other year, the figures should be made public. We are in the middle of a massive post office closure programme and the public have a right to know Royal Mail’s real financial health as they suffer industrial action.’’ Royal Mail bosses are expected to be called before the committee soon after Parliament returns in the autumn to explain what is happening. Lindsay Hoyle, the Labour MP for Chorley and a member of the committee, had been pressing for an emergency session during the recess.
A spokeswoman for Postwatch, the consumers’ group, said: “We don’t understand why Royal Mail is not publishing the figures. We have asked for them several times. We need to be able to see the state of the business.â€
Royal Mail came under attack yesterday for refusing to publish its delayed financial results as it emerged that it has given them to the postal regulator.
Royal Mail would not give a reason, but speculation is growing that it wants to avoid controversy over executive bonuses or hide the fact that its financial performance is better than expected. Both issues would prove tricky as it battles with the Communication Workers Union.
Royal Mail said that it had not set a date to make the results public. The figures are for its year to the end of March and usually are published in May. It has avoided a fine by sending the numbers to Postcomm within a deadline set by its licence, but the regulator has no obligation to make them public.
The delay comes as postal workers are staging a month of strikes in the worst dispute to hit the business for 11 years and as thousands of post offices are being closed.
Peter Luff, chairman of the Commons Trade and Industry Select Committee, called for immediate publication. He said: “This year, more than any other year, the figures should be made public. We are in the middle of a massive post office closure programme and the public have a right to know Royal Mail’s real financial health as they suffer industrial action.’’ Royal Mail bosses are expected to be called before the committee soon after Parliament returns in the autumn to explain what is happening. Lindsay Hoyle, the Labour MP for Chorley and a member of the committee, had been pressing for an emergency session during the recess.
A spokeswoman for Postwatch, the consumers’ group, said: “We don’t understand why Royal Mail is not publishing the figures. We have asked for them several times. We need to be able to see the state of the business.â€
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Loyalblue
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Financial report
It stinks! But why have the media/papers in general been so silent during this dispute? Information and facts that would help to give us public support just isn`t there or it`s buried. Can`t we do anything to add pressure to get RM to have to release this report? 
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J
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Re: Financial report
Thing is Loyalblue, Leighton has a hand in most media outlets.Loyalblue wrote:It stinks! But why have the media/papers in general been so silent during this dispute? Information and facts that would help to give us public support just isn`t there or it`s buried. Can`t we do anything to add pressure to get RM to have to release this report?
I'm ex TPO... may the lord have mercy on our souls.... LOL
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DGP1
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barkersboy
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TrueBlueTerrier
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you got a word wrong there is should be UP not IN .disgruntledpostie1 wrote:I though his hand was in most strike breakersThing is Loyalblue, Leighton has a hand in most media outlets.![]()
All post by me in Green are Admin Posts.
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My sharing of news articles should not be interpreted as an endorsement or condemnation of any particular viewpoint or the issues presented. I share them solely for informational purposes.
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DGP1
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Yahoorsur
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Re: Financial report
IMHO yes we can,lobby your MP,and yes lobby Alan Johnson,(I know some would prefer to lob something at him)Loyalblue wrote:It stinks! But why have the media/papers in general been so silent during this dispute? Information and facts that would help to give us public support just isn`t there or it`s buried. Can`t we do anything to add pressure to get RM to have to release this report?
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DGP1
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kingtubby
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DGP1
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deadbox
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DGP1
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I only speak 2 languages English and BAD Englishdeadbox wrote:Me fail english ? that unpossibledisgruntledpostie1 wrote:I'm soo embarrassed at my speeling mistokeskingtubby wrote:..and your spelling - 'grammar'disgruntledpostie1 wrote: Damn my bad grammer..![]()
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Mart.![]()
I'm preparing myself for the zombie invasion, rule number 1 - Cardio
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axeman
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you now have to wonder just what impact this has had on those two clowns as they have now gone into talks .
my belief is as has been said , now the game looks to be over and they have been caught out just perhaps m.p's now have the results and aren't amused by the clowns ...... does look kind of suspicious :cfo :lfo
my belief is as has been said , now the game looks to be over and they have been caught out just perhaps m.p's now have the results and aren't amused by the clowns ...... does look kind of suspicious :cfo :lfo

