Royal Mail is set to be allowed to ditch Saturday deliveries for second class letters under plans being put forward by Ofcom that will also see wider postal delivery targets cut. The regulator said that after a consultation, it had provisionally concluded that reducing the second class letter service to alternate weekdays, while keeping first class deliveries six days a week, would continue to meet postal users’ needs. #royalmail
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00:00Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.
00:05Major update this morning about the future of Royal Mail.
00:08Royal Mail is set to be allowed to ditch Saturday deliveries for second class letters.
00:13Under plans being put forward by Ofcom, they will also see wider postal delivery targets cut.
00:20The regulator said that after consultation, it had provisionally concluded
00:25that reducing the second class letter service to alternate weekdays,
00:29while keeping first class deliveries six days a week, would continue to meet postal users' needs.
00:35This would save Royal Mail between £250 million and £425 million a year, according to Ofcom.
00:44My name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post.