That privatisation has worked well. As it did for the utilities keeping pricing down and public transport.
I’m surprised that the figure is as high as 74.4% for first class post. It certainly doesn’t feel that high.
Privatisation of public services failing again. It’s almost as if it’s a failed ideology. But lets keep doing it because “the 70’s” or whatever
At this stage who cares?
If it’s important it’ll be an email.
If it’s a bill it can wait.
If it’s a parcel let’s be honest, Amazon are delivering it.
As long as the (low priority) letter gets delivered I’m fine with however long it takes.
EDIT: Downvote away. Worrying about next day delivery is so last century…
at what point can the government force the owners to sell it back to the government at a reasonable market price and get it back in the hands of the public?
I think they’ve already fucked it up too far to be fair, too many competitors that do a way better job than RM.
RM will never be the first choice for parcels again
Media now – “royal mail failed, why did this happen!?”
Also the media 1 year ago during the strikes – “omg greedy postal workers RUINING Christmas for poor families! Unions holding christmas HOSTAGE!”
The workers said exactly this would happen and it was one of the key reasons for the strikes.
Management simply don’t care.
So what they going to do about it?
LOWER THE TARGET JUST LIKE A LEVEL RESULTS
[deleted]
We seem to get post once a week now, which is real problem when I often rely on it for hospital appts, medical forms, blood labels etc
I had a next day tracked package take 3 weeks a couple months ago. And had a few things not turn up at all
EVRi and all these shitty courier services are no better.
A big issue with this is what happens when they end up fucking up postal votes in the next election and they dont get delivered on time?
Of course they have.
The plan has always been to massively ramp costs, while not meeting targets, and providing the worse service possible.
Eventually, this should lead to the government taking over the running of the never-profitable letters side of the Royal Mail, while leaving the extremely profitable parcel side owned by the privatised company.
are there any legal mechanisms to strip private companies of these contracts for failing to deliver without handing out huge amounts of money to buy them back.
Could a government with the right drive give them ultimatums of minimal service or it falls back into public hands. Force them into bankruptcy with required targets?
Reminder Royal Mail paid our £400M in share holder payouts in 2021 due to massive Covid profits, instead of investing in the business and raising staff wages and now it’s on its knees.
Take it back under government control.
Not that big of a suprise. I think they missed all targets all the time.
Since COVID, everything has been a shit show. Door step dump and dash is a cancer on delivery, and no delivery service has tried to stamp that out.
I used to always use Royal Mail instead of private couriers, but I have had so many huge delays and lost items now that I simply cannot trust them. My local postman is also a huge cunt who sneaks “sorry you’re out” messages in my letterbox when I’m in, and when I chased after him he said he knocked 3 times, a blatant lie. I’ve had expensive items go “missing”.
, 3 times in the last 6 months.
The service is already dead as far as I’m concerned.
I’m not surprised. I couldn’t get a parcel from A to fuckin’ B *before* Brexit hassle. As it stands, my friend in Limerick, Eire is expecting her Christmas parcel circa. **2034**
The real issue here is the unions refusing to work for pittance, if they’d just roll over and accept minimum wage it would allow Royal Mail to pay higher dividends to their shareholders.
Then Royal Mail could raise further capital in the market, once the business is properly capitalised then of course they could engage in a share buyback to raise shareholder value and increase the stock price.
Once this has been achieved it’s only academic to understand that this will allow Royal Mail to borrow on the market to fund much needed dividend payments to attract investors.
What was the question again?
Reminds me of private equity.
1. Buy a good company
2.Starve it of investment / screw customers with price rises / asset strip
3. F**k off with a golden parachute before shit hits the fan. You have made more money than last year but slashed expenditure! What a genius you are!
4. Put meaningless short term stats on your C.V and off you go to f**k up another company
Of course variations on this but normally best to move on from a company when the dickheads that do this do.
Late stage capitalism at its finest.
Makes sense. If you read the small print of their “Guaranteed next day at X” it says you can’t raise a complaint until they’ve had seven days to deliver. Not really a guarantee is it if they give themselves the whole week?
it’s got pretty bad recently. i was still singing their praises and defending them about a year ago, but for the past 6 months or so first class and next day packages take exactly the same amount of time to arrive as second class, makes you wonder what the point of first class is. i’ve stopped bothering to pay the extra because it doesn’t get here any faster. they’re about on par with most other private services now when they were better than most of them (at least in my area) only a year ago. the only worse ones are evri and parcelforce, and the only one better is dhl. honestly evri is catching up too
When private businesses operate previously nationalized monopolistic enterprises I would request that if the CEO operates in a way that is seen to be grossly detrimental to the public of the country, such as the way local councils, water companies, and the Royal Mail have behaved over the past 10 years, that those CEO’s who allowed that are charged with criminal negligence.
Well, slap me with a fish and call me surprised. And the twat at the top is getting 750k a year to run this shift show.
I went in to a post office the Monday before Christmas. The cashier told every single customer buying second or first class “We can’t guarantee it’ll deliver before Christmas unless you go Special”. Every single fucking customer caved and bought special delivery. It’s absurd they’re allowed to get away with this.
When it came to me, I told him there was absolutely no rush for mine – I just want the very cheapest option available……. “We can do Special for £12.50?” FUCK!
My first class delivery parcel came yesterday and only took one day from when I ordered it lol.
Sure glad privatisation improved the service and costs for the general public
It’s hard on Christmas, they go from having little to do to posting to every house
The buggers lost my spider for 24 hours. Guaranteed Special Delivery by 1pm yet the poor little guy was stuck in a sorting office for 40 hours. He died a few weeks later.
And now we wait for royal mail to state that everything can be fixed but they need more money so if they put the prices up just a little bit more it will all be okay. Promise! 🙄
The Royal Mail had a natural monopoly with satisfied customers for 500 years. A proud heritage, respected workers and a coveted brand. Unfortunately, Mr Lobby Donor wanted a slice of the market so it had to go.
32 comments
That privatisation has worked well. As it did for the utilities keeping pricing down and public transport.
I’m surprised that the figure is as high as 74.4% for first class post. It certainly doesn’t feel that high.
Privatisation of public services failing again. It’s almost as if it’s a failed ideology. But lets keep doing it because “the 70’s” or whatever
At this stage who cares?
If it’s important it’ll be an email.
If it’s a bill it can wait.
If it’s a parcel let’s be honest, Amazon are delivering it.
As long as the (low priority) letter gets delivered I’m fine with however long it takes.
EDIT: Downvote away. Worrying about next day delivery is so last century…
at what point can the government force the owners to sell it back to the government at a reasonable market price and get it back in the hands of the public?
I think they’ve already fucked it up too far to be fair, too many competitors that do a way better job than RM.
RM will never be the first choice for parcels again
Media now – “royal mail failed, why did this happen!?”
Also the media 1 year ago during the strikes – “omg greedy postal workers RUINING Christmas for poor families! Unions holding christmas HOSTAGE!”
The workers said exactly this would happen and it was one of the key reasons for the strikes.
Management simply don’t care.
So what they going to do about it?
LOWER THE TARGET JUST LIKE A LEVEL RESULTS
[deleted]
We seem to get post once a week now, which is real problem when I often rely on it for hospital appts, medical forms, blood labels etc
I had a next day tracked package take 3 weeks a couple months ago. And had a few things not turn up at all
EVRi and all these shitty courier services are no better.
A big issue with this is what happens when they end up fucking up postal votes in the next election and they dont get delivered on time?
Of course they have.
The plan has always been to massively ramp costs, while not meeting targets, and providing the worse service possible.
Eventually, this should lead to the government taking over the running of the never-profitable letters side of the Royal Mail, while leaving the extremely profitable parcel side owned by the privatised company.
are there any legal mechanisms to strip private companies of these contracts for failing to deliver without handing out huge amounts of money to buy them back.
Could a government with the right drive give them ultimatums of minimal service or it falls back into public hands. Force them into bankruptcy with required targets?
Reminder Royal Mail paid our £400M in share holder payouts in 2021 due to massive Covid profits, instead of investing in the business and raising staff wages and now it’s on its knees.
Take it back under government control.
Not that big of a suprise. I think they missed all targets all the time.
Since COVID, everything has been a shit show. Door step dump and dash is a cancer on delivery, and no delivery service has tried to stamp that out.
I used to always use Royal Mail instead of private couriers, but I have had so many huge delays and lost items now that I simply cannot trust them. My local postman is also a huge cunt who sneaks “sorry you’re out” messages in my letterbox when I’m in, and when I chased after him he said he knocked 3 times, a blatant lie. I’ve had expensive items go “missing”.
, 3 times in the last 6 months.
The service is already dead as far as I’m concerned.
I’m not surprised. I couldn’t get a parcel from A to fuckin’ B *before* Brexit hassle. As it stands, my friend in Limerick, Eire is expecting her Christmas parcel circa. **2034**
The real issue here is the unions refusing to work for pittance, if they’d just roll over and accept minimum wage it would allow Royal Mail to pay higher dividends to their shareholders.
Then Royal Mail could raise further capital in the market, once the business is properly capitalised then of course they could engage in a share buyback to raise shareholder value and increase the stock price.
Once this has been achieved it’s only academic to understand that this will allow Royal Mail to borrow on the market to fund much needed dividend payments to attract investors.
What was the question again?
Reminds me of private equity.
1. Buy a good company
2.Starve it of investment / screw customers with price rises / asset strip
3. F**k off with a golden parachute before shit hits the fan. You have made more money than last year but slashed expenditure! What a genius you are!
4. Put meaningless short term stats on your C.V and off you go to f**k up another company
Of course variations on this but normally best to move on from a company when the dickheads that do this do.
Late stage capitalism at its finest.
Makes sense. If you read the small print of their “Guaranteed next day at X” it says you can’t raise a complaint until they’ve had seven days to deliver. Not really a guarantee is it if they give themselves the whole week?
it’s got pretty bad recently. i was still singing their praises and defending them about a year ago, but for the past 6 months or so first class and next day packages take exactly the same amount of time to arrive as second class, makes you wonder what the point of first class is. i’ve stopped bothering to pay the extra because it doesn’t get here any faster. they’re about on par with most other private services now when they were better than most of them (at least in my area) only a year ago. the only worse ones are evri and parcelforce, and the only one better is dhl. honestly evri is catching up too
When private businesses operate previously nationalized monopolistic enterprises I would request that if the CEO operates in a way that is seen to be grossly detrimental to the public of the country, such as the way local councils, water companies, and the Royal Mail have behaved over the past 10 years, that those CEO’s who allowed that are charged with criminal negligence.
Well, slap me with a fish and call me surprised. And the twat at the top is getting 750k a year to run this shift show.
I went in to a post office the Monday before Christmas. The cashier told every single customer buying second or first class “We can’t guarantee it’ll deliver before Christmas unless you go Special”. Every single fucking customer caved and bought special delivery. It’s absurd they’re allowed to get away with this.
When it came to me, I told him there was absolutely no rush for mine – I just want the very cheapest option available……. “We can do Special for £12.50?” FUCK!
My first class delivery parcel came yesterday and only took one day from when I ordered it lol.
Sure glad privatisation improved the service and costs for the general public
It’s hard on Christmas, they go from having little to do to posting to every house
The buggers lost my spider for 24 hours. Guaranteed Special Delivery by 1pm yet the poor little guy was stuck in a sorting office for 40 hours. He died a few weeks later.
And now we wait for royal mail to state that everything can be fixed but they need more money so if they put the prices up just a little bit more it will all be okay. Promise! 🙄
The Royal Mail had a natural monopoly with satisfied customers for 500 years. A proud heritage, respected workers and a coveted brand. Unfortunately, Mr Lobby Donor wanted a slice of the market so it had to go.