Royal Mail may face a fine of up to 10% of its turnover from Ofcom


Royal Mail could be hit with a fine of up to 10% of its “relevant turnover” if an investigation into final mile pricing finds it has breached competition law. Ofcom, which last week concluded that competition from rivals is not a threat to Royal Mail’s ability to provide a universal delivery service, announced it would be looking into whether proposed increases in the amount the recently privatised company charges rivals for final mile deliveries was unlawful under the Competition Act. […]