Royal Mail response to Ofcom proposal

Post by **TrueBlueTerrier** » 25 May 2016, 16:48

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Royal Mail welcomes Ofcom's finding, as part of its Review of the Regulation of Royal Mail, that customer satisfaction with postal services and value for money is high. Ofcom also notes that, following price increases introduced in 2011-12 and 2012-13 in order to return to profitability, our price increases have been broadly in line with RPI. In relation to efficiency, Royal Mail has a stretching efficiency programme in place and is targeting to avoid around £500 million of annualised costs by 2017-18. Ofcom's review also demonstrates that there is strong competition in the access market.

Royal Mail will actively participate in the consultation process, including providing a detailed, evidence-based submission to Ofcom.

Boydieboydie · Post by **Boydieboydie** » 25 May 2016, 17:41

What's the 500million costs... Our pension!?

rubberbond · Post by **rubberbond** » 25 May 2016, 20:32

Wages probably, or the amount we save them by lapsing.

daveyeff · Post by **daveyeff** » 26 May 2016, 11:35

they don't save anything by putting lapsing on. its just out of sheer malice.