Stamp prices: fifteenth report of session 2010-12: [Vol. 1] Report, together with formal minutes
House of Commons papers 1841-I 2010-12
- Corporate Author:
- Great Britain Parliament House of Commons Business, Innovation and Skills Committee
- Author:
- Adrian Bailey (chairman)
- Publisher:
- TSO (The Stationery Office)
Ofcom inherited responsibility for regulating postal services from the previous regulator, Postcomm, as recommended in the Hooper report (Cm. 7529, ISBN 9780101752923) which also proposed more regulatory flexibility for Royal Mail on mail prices. The current price regulation regime, involving the regulator setting specific prices for mail, with Royal Mail applying to the regulator for approval of any price increase, ends on 31 March 2012. Ofcom launched a consultation on the future framework for economic regulation. The consultation highlighted the unsustainable nature of Royal Mail's pricing structure and outlined proposals to remove the price cap on first class mail and set a cap on second class mail of between 45p and 55p, linked to the retail price index (RPI). The BIS Committee decided to conduct a short inquiry into the factors driving the decisions on future prices and price regulation. No persuasive case was made that continuing with lengthy price determination procedures was a practical future means of supporting Royal Mail's business. However, alongside removal of price controls Royal Mail will need, rapidly, to get a much clearer grasp of the costs and profitability of its product lines. The Committee accepts some increase in stamp prices is appropriate. But it has concerns on three issues: the effect that price increases will have on vulnerable consumers and small businesses; the possible resulting decrease in volume of business that Royal Mail will experience; and the need for higher prices not to operate as a disincentive against efficiency measures.
| Extent | [2], 25p. | ISBN | 9780215042828 |
|---|---|---|---|
| Size | N/A | Price | £6.00 |
| Format | Paperback | Published | 02 Mar 2012 |
| Availability |
Colour copy: 3 - 5 days
|
Delivery | Delivery options and charges |
Related titles:
Modernise or decline: policies to maintain the universal postal service in the United Kingdom an independent review of the UK postal services sector
- Published: 16 Dec 2008
- ISBN: 9780101752923
- Price: £38.50
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