The Government does not have a role in Royal Mail\u2019s commercial decisions, including the prices of stamps and other services.<\/p>
<\/p>
In setting its prices, Royal Mail must observe the regulatory framework set by Ofcom which imposes prices controls, \u2018safeguard caps\u2019, on certain second-class products to ensure a basic universal service is available to all at affordable prices.<\/p>
<\/p>
On 24 January 2024, following a public consultation, Ofcom announced its decisions regarding retail price caps on Royal Mail\u2019s universal postal services to apply from 1 April 2024 to 31 March 2027.<\/p>"} , "answeringMember" : {"_about" : "http://data.parliament.uk/members/4474", "label" : {"_value" : "Biography information for Kevin Hollinrake"} } , "answeringMemberConstituency" : {"_value" : "Thirsk and Malton"} , "answeringMemberPrinted" : {"_value" : "Kevin Hollinrake"} , "dateOfAnswer" : {"_value" : "2024-04-18", "_datatype" : "dateTime"} , "isMinisterialCorrection" : {"_value" : "false", "_datatype" : "boolean"} , "questionFirstAnswered" : [{"_value" : "2024-04-18T11:12:13.05Z", "_datatype" : "dateTime"} ]} , "answeringDeptId" : {"_value" : "214"} , "answeringDeptShortName" : {"_value" : "Business and Trade"} , "answeringDeptSortName" : {"_value" : "Business and Trade"} , "date" : {"_value" : "2024-04-15", "_datatype" : "dateTime"} , "hansardHeading" : {"_value" : "Small Businesses: Postal Services"} , "houseId" : {"_value" : "1"} , "legislature" : [{"_about" : "http://data.parliament.uk/terms/25259", "prefLabel" : {"_value" : "House of Commons"} } ], "questionText" : "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.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"} , "tablingMember" : {"_about" : "http://data.parliament.uk/members/114", "label" : {"_value" : "Biography information for Tim Loughton"} } , "tablingMemberConstituency" : {"_value" : "East Worthing and Shoreham"} , "tablingMemberPrinted" : [{"_value" : "Tim Loughton"} ], "uin" : "21498"} ], "itemsPerPage" : 10, "page" : 0, "startIndex" : 1, "totalResults" : 1, "type" : ["http://purl.org/linked-data/api/vocab#ListEndpoint", "http://purl.org/linked-data/api/vocab#Page"]} }