Polls

What's Your View on Road Charging
 

Brussels to investigate claims of unfair subsidies to Royal Mail PDF Print E-mail
Friday, 23 February 2007

The European Commission began an in-depth investigation yesterday into £2.6 billion of government funding received by the Royal Mail over the past six years.

The inquiry was triggered by complaints from some of Royal Mail’s competitors, including TNT and DHL. They claimed that the government finance amounted to illegal subsidies and gave Britain’s main supplier of postal services an unfair competitive advantage in the recently liberalised sector.

The Commission is focusing on three individual loans to Royal Mail: £500 million (2001), £1billion (2003) and £300 million (2007). It is also examining the conditions of the £850 million that has been placed in an escrow account to reduce the contributions the company will have to make to address the deficit in its pension fund.

 
< Prev   Next >

Search


Dafydd Hughes Ltd
 Require couriers of any size shape or form to assist with its workload, simply register by sending an email to This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

AddFreeStats.com Free Web Stats!