Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Royal Mail Sees Reduced Post on Price Rise, Daily Telegraph Says

Don't Miss Out —
Follow us on:

April 28 (Bloomberg) -- The rising price of stamps will force “millions” of U.K. residents to stop using the postal service, the Daily Telegraph said, citing a Royal Mail memo sent to members of parliament.

The government-owned Royal Mail anticipates a drop of 15 percent in second-class letters and 12 percent in first-class mail when stamp prices rise on April 30, the newspaper reported. The increased price could “spectacularly backfire” and do “irrevocable damage” to the Royal Mail, Ian Murray, the shadow postal affairs minister, said in an interview with the paper.

To contact the reporter on this story: Namitha Jagadeesh in London at njagadeesh@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.