Postcomm, the new postal services regulatory body, could be prevented from promoting competition in delivery services due to its statutory duty to ensure a universal service at a uniform price, according to the NAO.
The NAO also warned there might be insufficient competition to generate an improved service to most customers if Postcomm continues to only issue short term licences to new postal companies.
Sir John Bourn, head of the NAO, said: ‘For their strategy to be successful, and to ensure that postal services improve rather than decline, they need to address the risks I have identified.’
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements