Royal Mail Revenues Surge with Election Postal Votes and Stamp Price Hikes
Record postal votes and increased stamp prices drive revenue growth despite delivery challenges and declining letter volumes.
- Royal Mail's revenue rose by 11.2% in Q1, driven by election mail and stamp price increases.
- 7.3 million postal votes were delivered, a 50% increase from the 2019 election.
- Royal Mail faces criticism over ballot delivery delays affecting voter participation.
- Czech billionaire Daniel Křetínský's £3.6bn takeover bid progresses, with commitments to maintain key services.
- IDS calls for regulatory reform of the Universal Service to ensure sustainability amid declining letter volumes.