The Future of the Universal Postal Service in the UK

The Future of the Universal Postal Service in the UK

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This document builds on the review led by Richard Hooper, qModernise or decline: policies to maintain the universal postal service in the United Kingdomq (Dec. 2008, The Hooper review found deficiencies and problems with: performance (40 per cent less efficient than European counterparts); the pension deficit (one of the largest in Britain); pricing (increases would not generate enough revenue to offset falling volumes); industrial relations (60 per cent of days lost through industrial action in 2007 in the whole economy were accounted for by Royal Mail); and the relationship with the regulator, Postcomm (difficult). The Government proposes: a new regulatory framework, including transferring responsibility for regulation from Postcomm to Ofcom; tackling the pension deficit; inviting other postal or network operators to come forward with proposals to develop strategic partnerships with Royal Mail (but such arrangements would exclude Post Office Ltd, responsible for the network of post offices). The Postal Services Bill (HL), HL Bill 24, ISBN 9780108454530) published alongside this document sets out the proposals, placing the universal service as the overriding objective of the regulatory system. The Government will continue to provide for financial support for the universal service. Royal Mail will remain in the public sector. The Government is committed to maintaining a network of around 11, 500 post offices. Post Office Ltd will become a sister company of Royal Mail Group Ltd with equal status to the letters business within the Royal Mail group of companies.remain in the Royal Mail Pension Plan are sufficient to meet its liabilities. There will be no change to ... Provide powers to amend the existing scheme, including the creation of a new section for Post Office Ltd employees. a€c Provide powers toanbsp;...

Title:The Future of the Universal Postal Service in the UK
Author:Great Britain. Dept. for Business, Enterprise and Regulatory Reform
Publisher:The Stationery Office - 2009


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