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Royal Mail could save £650m by switching service to three days a week, says Ofcom (www.theguardian.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 7 months ago* (last edited 7 months ago)

but isn't your national post serving an important competitive function, keeping other (fully private) mailing and courrier services in the pricing ballpark?

private companies would fill the void - at the consumer's expense, no?

Royal Mail is fully private; no part of it is nationally owned.

It was sold off on the cheap a decade ago (while it was still profitable) with a major "caveat emptor" stipulation that the universal service obligation would remain as it was.

The private owners have since hived off the profitable parcel delivery arm (GLS) into a legally distinct entity, and have started whinging that the now isolated letter delivery business is unprofitable without degrading the service obligation.

It's a cynical move.