Royal Mail fined £10.5m for missing delivery targets

Ofcom said postal company took ‘insufficient and ineffective steps’ to improve its performance after £5.6m fine last year Royal Mail has been fined more than £10m by the postal regulator for missing its delivery targets, with more than a quarter of first-class mail arriving late. Ofcom, which fined the company £5.6m for the same failure…

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UK’s economy shrinks unexpectedly by 0.1% in October

GDP figures underline scale of challenge for Labour to get the economy growing Britain’s economy shrank by 0.1% in October, underlining the scale of Labour’s challenge to get the economy growing. Figures from the Office for National Statistics showed the unexpected fall in GDP was driven by construction and production, while the dominant services sector…

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