Royal Mail: Finance

(asked on 9th December 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what discussions he has had with the Royal Mail on the financial position of the business.


Answered by
Kevin Hollinrake Portrait
Kevin Hollinrake
Minister of State (Department for Business and Trade)
This question was answered on 14th December 2022

Ministers and officials meet with Royal Mail regularly to discuss a range of issues in its role as the universal postal service provider.

Under the Postal Services Act 2011, Ofcom has powers to regulate the provision of a financially sustainable and efficient UK universal postal service.

Ofcom operates a monitoring regime that seeks to identify any threats or risks to the universal postal service. It publishes an annual summary which includes an assessment of Royal Mail’s overall financial position:

www.ofcom.org.uk/postal-services/information-for-the-postal-industry/monitoring_reports.

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