Royal Mail statement on Ofcom announcement

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Royal Mail notes Ofcom’s call for evidence in relation to its fundamental review of the regulation of the Company, to ensure the regulation remains appropriate and sufficient to secure the universal postal service.

Royal Mail will continue to participate fully in Ofcom’s review. In particular we will be highlighting the need for a consistent approach to regulation. Ofcom’s existing framework, put in place in 2012 was to have provided certainty for seven years. Royal Mail believes it has used the commercial freedoms granted by Ofcom in a responsible and appropriate manner to help secure the financial sustainability of the Universal Service in the face of significant ongoing change across the postal market.

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Today, we note Ofcom’s call for evidence in relation to its fundamental review of the regulation of the Company, to ensure the regulation remains appropriate and sufficient to secure the universal postal service.

The issues that need to be addressed include:

Sustainability of the universal postal service
Access pricing
Efficiency
Parcel market
We will continue to participate fully in Ofcom’s review. In particular we will be highlighting the need for a consistent approach to regulation. Ofcom’s existing framework, put in place in 2012 was to have provided certainty for seven years. Royal Mail believes it has used the commercial freedoms granted by Ofcom in a responsible and appropriate manner to help secure the financial sustainability of the Universal Service in the face of significant ongoing change across the postal market.

The consultation starts today and is due to end on Friday 11 September.