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Royal Mail is required by law to maintain the universal service, whereby items of a specific size [72] can be sent to any location within the United Kingdom for a fixed price, not affected by distance. The Postal Services Act 2011 guaranteed that Royal Mail would continue to provide the universal service until at least 2021. [73]
After the opening up of the industry, competitors such as Whistl and UK Mail found their place offering business postal solutions. These companies, despite being competitors to Royal Mail, hand over sorted mail to the Royal Mail for "last mile delivery" due to the sheer dominance the latter hold in a process called 'Down Stream Access'. [3]
Royal Mail staff are to be offered the remaining 10% shares with the Government to take on the group's pension liabilities. [3] The changes were enabled by the Postal Services Act 2011 . As part of the plans, the roles fulfilled by Postcomm were absorbed into the communications regulator Ofcom from 1 October 2011.
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Post Office Limited, formerly Post Office Counters Limited and commonly known as the Post Office, is a state-owned retail post office company in the United Kingdom that provides a wide range of postal and non-postal related products including postage stamps, banking, insurance, bureau de change and identity verification services to the public through its nationwide network of around 11,500 ...
Royal Mail, one of the U.K.'s oldest institutions, began in the 1500s as a service exclusively for the monarch and the royal court. It became a public postal service in the 1600s.
In March 2002, the universal parcels service was transferred to Royal Mail, leaving Parcelforce to concentrate on time-guaranteed, next-day and two-day express deliveries. [ 8 ] In January 2007, Parcelforce Worldwide became the first express carrier in the United Kingdom to give its customers the option to offset the carbon emissions associated ...
Royal Mail, which dates back to the reign of Henry VIII in the 1500s, is set to be sold to a Czech billionaire in a deal that will keep the institution based in Britain.