Postal regulator Postcomm has called for Royal Mail to be partially privatised to protect the quality of the UK's mail delivery service. In its contribution to the government-commissioned independent review on the future of postal services, Postcomm warned that Royal Mail needed access to private capital for investment in its business.
Royal Mail currently has a £3.4bn pension deficit and last year its profit fell by a third to £223m. Nigel Stapleton, Postcomm chairman, says: "We
want to see the government and Royal Mail embrace a partnership approach with the private sector to secure a universal service valued by all users and provided at least cost, without public funding."
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