At least 70 people within the Post Office and Royal Mail were aware of errors in the Horizon computer system, its manufacturer said on the final day of the public inquiry. Hundreds of subpostmasters have been wrongly prosecuted based on accounting errors produced by the faulty Horizon system. The final day of closing speeches was … Read more
The Royal Mail group is set to pass into the hands of foreign investors, but the State will retain a “golden share” in the company. This means the the government will have to approve any key changes to Royal Mail’s ownership, head office location and tax residency. This is something the government does with companies … Read more
Royal Mail has been fined £10.5 million for missing postal delivery targets. Regulator Ofcom said 74.7% of first class mail and 92.7% of second class mail were delivered on time in 2023/24. The targets were 93% and 98.5%. It is the second time Ofcom has fined Royal Mail since the pandemic and it “needs to … Read more