Tag #Foreign Ownership

What are the immediate consequences of Royal Mail's failure to meet its mail delivery targets, and how does this impact the public?

Royal Mail was fined \u00a310.5 million by Ofcom for failing to meet mail delivery targets between April 2023 and March 2024, delivering only 74.7 percent of first-class mail and 92.7 percent of second-class mail on time. This is the second such fine since the pandemic, indicating a persistent failure to meet regulatory obligations. The fine was reduced from \u00a315 million due to Royal Mail's admission of liability.