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.’
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016