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After the opening up of the industry, competitors such as Whistl and UK Mail found their place offering business postal solutions. These companies, despite being competitors to Royal Mail, hand over sorted mail to the Royal Mail for "last mile delivery" due to the sheer dominance the latter hold in a process called 'Down Stream Access'. [3]
In fact, UPS [1] and FedEx [2] both announced that starting 2015, shipping charges on all shipments (air and ground) will be determined by greater of the actual weight and dimensional weight of a package. Prior to this announcement, dimensional weight charges were only applicable to packages of a specific size range.
It cited section 14(1) of the Firearms (Amendment) Act 1988 (c. 45), which requires carriers of firearms to "take reasonable precautions" for their safe custody and argued that to comply would involve disproportionate cost. A Royal Mail public consultation document on the changes said: "We expect the impact on customers to be minimal". [84]
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The Parcel Post service of Royal Mail was started in 1883, [6] though parcel services operated by the railway companies, later Red Star Parcels and British Road Services, were also heavily used for many decades. Royal Mail was split into three divisions in 1986 [6] and in August 1990, Royal Mail Parcels was rebranded as Parcelforce.
Following the IPO, 52.2% of Royal Mail had been sold to investors, with 10% given to employees for free. Due to the high demand for shares, an additional 7.8% was sold via an over-allotment arrangement on 8 November 2013. This left the government with a 30% stake in Royal Mail and £1.98bn raised from the sale of shares. [23]
Here are some of the key figures from the royal accounts for 2020-2021: £86.3 million – The total taxpayer-funded Sovereign Grant, made up of £51.8 million for the “core” funding and an ...
Mail. 24/7 Help. For premium support please call: ... Some 179 official helicopter journeys, costing less than £15,000 each, were made by the royal family in 2021-2022 at a cost of over £906,000 ...