The price of stamps to rise

[Richard Frost]

Saturday mail deliveries in doubt

Royal Mail wants to scrap Saturday letter deliveries after the regulator promised to review the postal service’s six-day week. Highlighting a 46% drop in the number of letters sent and received over the past decade, Ofcom said the last few years have “demonstrated the importance of postal services”, but the way people use them is “changing” and “we expect these trends to continue”. Meanwhile, Royal Mail said it will raise the price of a first class stamp by 15p to £1.25 from October, meaning a book of eight stamps will cost £10 for the first time.

https://www.bbc.co.uk/news/business-66721954

[cocobay71]

Large letter stamps also going up 1st Oct.

[macliam]

I refer you to my comment in the other stamp-related thread.

Cash-cow and no perception of public service.

[Richard Frost]

I refer you to my comment in the other stamp-related thread.

Cash-cow and no perception of public service.

Annual revenue of Post Office Ltd 2012-2021
Published by Statista Research Department, Aug 31, 2023
In the 2021 fiscal year, the United Kingdom-based Post Office Ltd had generated 957 million British pounds in revenue, an increase of one percent from the previous year, when it reported 951 million British pounds in revenue. This increase was however not enough to offset the loss in revenue recorded at the beginning of the COVID-19 pandemic. In 2019, the company reported some 972 million British pounds in net sales.

Post Office Ltd is actually making a loss and is heavily subsidised by the Taxpayer. Especially so since it is the Taxpayer who is funding compensation to ex postmasters caught up in the Horizon Scandal. I totally agree with you when you say "no perception of public service".

[macliam]

I refer you to my comment in the other stamp-related thread.

Cash-cow and no perception of public service.

Annual revenue of Post Office Ltd 2012-2021
Published by Statista Research Department, Aug 31, 2023
In the 2021 fiscal year, the United Kingdom-based Post Office Ltd had generated 957 million British pounds in revenue, an increase of one percent from the previous year, when it reported 951 million British pounds in revenue. This increase was however not enough to offset the loss in revenue recorded at the beginning of the COVID-19 pandemic. In 2019, the company reported some 972 million British pounds in net sales.

Post Office Ltd is actually making a loss and is heavily subsidised by the Taxpayer. Especially so since it is the Taxpayer who is funding compensation to ex postmasters caught up in the Horizon Scandal. I totally agree with you when you say "no perception of public service".

You need to track the expenditure that leads to the declared losses ...... how much is being paid in dividends, how much has debt been leveraged resulting in interest charges, etc., etc. All this is standard for privatised industries..... conman rule number 1, don't let the mark see he has been conned.

[Richard Frost]

I refer you to my comment in the other stamp-related thread.

Cash-cow and no perception of public service.

Annual revenue of Post Office Ltd 2012-2021
Published by Statista Research Department, Aug 31, 2023
In the 2021 fiscal year, the United Kingdom-based Post Office Ltd had generated 957 million British pounds in revenue, an increase of one percent from the previous year, when it reported 951 million British pounds in revenue. This increase was however not enough to offset the loss in revenue recorded at the beginning of the COVID-19 pandemic. In 2019, the company reported some 972 million British pounds in net sales.

Post Office Ltd is actually making a loss and is heavily subsidised by the Taxpayer. Especially so since it is the Taxpayer who is funding compensation to ex postmasters caught up in the Horizon Scandal. I totally agree with you when you say "no perception of public service".

You need to track the expenditure that leads to the declared losses ...... how much is being paid in dividends, how much has debt been leveraged resulting in interest charges, etc., etc. All this is standard for privatised industries..... conman rule number 1, don't let the mark see he has been conned.

Post office Ltd is not a private company, never has been. It is wholly owned by the taxpayer.

[Sarah]

Postage stamp pricing and operation of the British postal service is surely the responsibility of Royal Mail (Group Limited).

https://en.wikipedia.org/wiki/Royal_Mail

[pabenny]

Why let facts contradict perfectly good opinions, eh.

[macliam]

Postage stamp pricing and operation of the British postal service is surely the responsibility of Royal Mail (Group Limited).

https://en.wikipedia.org/wiki/Royal_Mail

Who, if you read my original post, is the company I am complaining about.

[macliam]

Why let facts contradict perfectly good opinions, eh.

Indeed..... particularly as Royal Mail (which IS privatised, is the company I targeted in my original post.

Do I smell someone with a personal reason for the defense?