Postcomm, the UK postal regulator, has today set out its proposals for the introduction of the first phase of a new regulatory framework for the postal services market to replace the structure that has been in place since 2006. A new and stable regulatory framework is a key requirement for securing a successful future for postal services, especially a universal postal service, as outlined in the Queen’s Speech on Tuesday, 25 May.
The new regulatory framework will be founded on the principles of cost transparency and accounting separation – as recommended in the Hooper Report[1] – and will reflect the significant market developments that have taken place in recent years.
“The market has changed dramatically since Postcomm put in place the current system of price controls,” said Nigel Stapleton, Postcomm Chairman. “Mail volumes have fallen by 15% in the last four years, with considerable switching to email. At the same time, internet shopping has increased the volume of packets sent by post.
“Our intent is to focus our regulatory safeguards where it is necessary to help sustain a universal service, our primary duty, and to further the interests of all users.”
See full article at: New UK Postal Regulatory Framework Proposal.
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