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1700794
registered interest false more like this
date less than 2024-04-15more like thismore than 2024-04-15
answering body
Department for Business and Trade more like this
answering dept id 214 more like this
answering dept short name Business and Trade more like this
answering dept sort name Business and Trade more like this
hansard heading Small Businesses: Postal Services more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business and Trade, whether she has made representations to Royal Mail on the impact of price rises on SMEs. more like this
tabling member constituency East Worthing and Shoreham more like this
tabling member printed
Tim Loughton more like this
uin 21498 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2024-04-18more like thismore than 2024-04-18
answer text <p>The Government does not have a role in Royal Mail’s commercial decisions, including the prices of stamps and other services.</p><p> </p><p>In setting its prices, Royal Mail must observe the regulatory framework set by Ofcom which imposes prices controls, ‘safeguard caps’, on certain second-class products to ensure a basic universal service is available to all at affordable prices.</p><p> </p><p>On 24 January 2024, following a public consultation, Ofcom announced its decisions regarding retail price caps on Royal Mail’s universal postal services to apply from 1 April 2024 to 31 March 2027.</p> more like this
answering member constituency Thirsk and Malton more like this
answering member printed Kevin Hollinrake more like this
question first answered
less than 2024-04-18T11:12:13.05Zmore like thismore than 2024-04-18T11:12:13.05Z
answering member
4474
label Biography information for Kevin Hollinrake more like this
tabling member
114
label Biography information for Tim Loughton remove filter