Royal Mail - How will privatisation affect the cost to consumers?
People are talking about who can rich on shares from the privatisation of the Royal Mail. But what will this move by the government mean to the consumer? The Royal mail has deep roots that can be dated back to the 16th century, the time of Henry the eighth. In 1840 the first stamp was introduced along with a fixed cost for delivery anywhere in Great Briton and Ireland, and was dubbed the Penny Post. Interestingly for a time during the early 19th century in London there were multiple deliveries each day. Skip forward to 2006, in attempt [to make the pricing of mail reflect the actual cost of postage the Letter, Large Letter & package system was introduced:
- Letter = No bigger than a C5 (A5) envelope, weight no more than 100g
- Large Letter = No bigger than a C4 (A4) envelope, weight no more than 750g
- Package = Everything bigger than a Large Letter