Plans to water down second class post will decimate the service and could result in Royal Mail becoming the next victim of a taxpayer bail out, businesses have warned.
Watchdog Ofcom’s proposals to cut second-class deliveries to every other working day come as Czech billionaire Daniel Kretinsky is about to take over Royal Mail’s owner International Distribution Services this month.
But the Greetings Card Association (GCA), which represents more than 500 companies, has said the changes could leave Royal Mail in a financially precarious position.
The regulator ‘risks increasing the likelihood that the taxpayer could be called upon to bail out Royal Mail in future,’ the group said.
But the GCA says this paves the way for Royal Mail to charge more for first class deliveries as they would still be six days a week.
Cards are the most frequent form of post, with one in four Britons only using the postal service to send them.
Threat: Ofcom’s proposals to cut second-class deliveries to every other working day come as Royal Mail is set to be taken over by Czech billionaire Daniel Kretinsky
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This article was originally published by a www.dailymail.co.uk . Read the Original article here. .