Royal Mail: Universal Service Obligation
(asked on 23rd July 2024) - View Source
Question to the Department for Business and Trade:
To ask the Secretary of State for Business and Trade, what discussions he has had with (a) Royal Mail and (b) prospective buyers for Royal Mail on retaining the universal service obligation.
Answered by
Justin Madders
Parliamentary Under Secretary of State (Department for Business and Trade)
This question was answered on 31st July 2024
The Secretary of State and I have met with Royal Mail’s parent company, International Distribution Services, and the EP Group to discuss the proposed takeover of IDS.
The universal service obligation is a legally binding commitment on the designated universal service provider and its ongoing provision would be required irrespective of ownership of the business.