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Last Christmas, you gave us first class: Royal Mail turns Scrooge with gift to staff of second-class stamps

about 6 hours ago
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Royal Mail says that it has “delivered Christmas” for more than 500 years, but this year many workers have been left feeling less than festive after the company downgraded a small gift to workers to second class.The postal service, which traces its history back to the appointment of a “master of the posts” by Henry VIII in 1516, has given workers a collection of 50 Christmas stamps to recognise their work over the busiest time of year.In previous years, including in 2024, workers have received a book of 50 or 100 first-class stamps, but that has quietly been switched to second class this year.The downgraded perk has caused bemusement among Royal Mail’s workers.It is the first Christmas since Royal Mail’s parent company, International Distribution Services (IDS), was bought by Czech billionaire Daniel Křetínský.

Seasonal stamps have been a popular feature of the service since 1966, after they were introduced under Labour postmaster general Tony Benn,This year’s edition features biblical scenes illustrated by British artist Paula Doherty, while previous versions have included illustrator Quentin Blake’s 1993 rendition of Ebenezer Scrooge from Charles Dickens’s A Christmas Carol,Although the immediate costs of the gift to the Royal Mail would be limited to some extra printing and the delivery costs, a sheet of 50 first-class stamps would nominally be worth £85 since the price rose to £1,70 in April – more than double the price in 2020,A second-class stamp costs 87p – a potentially significant saving for a business that employs 130,000 people.

The Communication Workers Union (CWU) said that workers were irritated by the message the change sent,A CWU spokesperson said: “The decision to send employees second-class stamps this Christmas exemplifies the way Royal Mail has been treating its staff for a long time now,Whilst postal workers are disappointed at this latest development they will, as always continue to deliver a first-class service to customers and businesses across the UK,”The change comes as Royal Mail cuts back second-class deliveries, after it was allowed to make changes to the universal service obligation,A Royal Mail spokesperson said: “Every Christmas, Royal Mail recognises the hard work of colleagues in a number of ways, including a frontline bonus, free stamps and a wider recognition programme, to thank them for their efforts during our busiest time of year.

This year, we’ve included 50 second-class stamps to reflect recent changes to the universal service obligation and to help keep mail moving smoothly for customers throughout the festive season,”In previous years the stamps gift was usually sent at the end of November, but this year’s second-class stamps were delivered earlier than expected,Sign up to Business TodayGet set for the working day – we'll point you to all the business news and analysis you need every morningafter newsletter promotionOther gifts in the past have raised eyebrows among workers, including a pack of seeds, and a comb another year, which was appreciated less by Royal Mail’s contingent of bald workers,A picture of a Christmas card sent this year to workers at Royal Mail said: “We have been delivering Christmas for over 500 years,We know that every gift, card and letter is important – and never more so than at this time of the year.

At Royal Mail and Parcelforce we don’t just deliver Christmas, we are Christmas,”The letter was signed by Royal Mail’s executive team,It was not signed by IDS’s leadership, or by Křetínský,
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I’m as capitalist as they get but Medicare for all is the best hope for US healthcare | Gene Marks

Deductibles. In-network. Out-of-network. Concierge medical services. Out-of-pocket expenses

about 8 hours ago
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UK banks still committed to climate goals, Bank of England executive insists

A Bank of England executive has insisted that UK banks are still showing a “vibrant” commitment to climate goals despite the recent demise of a global net zero target-setting group.David Bailey, the executive director of prudential policy at the Bank’s regulatory arm, the Prudential Regulation Authority (PRA), played down concerns surrounding the fact that significant lenders including HSBC and Barclays had followed their US peers in dropping membership of the UN-backed Net Zero Banking Alliance (NZBA). Those exits led to the closure of the once-lauded NZBA last month.“We’ve been focused on our responsibilities on the financial risks arising from climate change, and firms remain very actively engaged with us on that,” Bailey told the Guardian. Their engagement, he said “remains as vibrant … as it has over the past couple of years”

about 11 hours ago
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‘Musk is Tesla and Tesla is Musk’ – why investors are happy to pay him $1tn

For all the headlines about an on-off relationship with Donald Trump, baiting liberals and erratic behaviour, Tesla shareholders are loath to part with Elon Musk.Investors in the electric vehicle maker voted on Thursday to put the world’s richest person on the path to become the world’s first trillionaire, despite the controversy that is now seemingly intrinsic to his public profile.Shareholders approved the $1tn compensation plan, which could yield the largest corporate payout in history if he meets a series of tough-looking goals, not least pushing Tesla from its current market value of $1.4tn to $8.5tn (£1

2 days ago
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How Tesla shareholders put Elon Musk on path to be world’s first trillionaire

Now that Tesla stockholders have approved a plan to offer Elon Musk close to $1tn, the clock is ticking to make the company worth eight times more than it is today.If Musk can grow Tesla to over $8tn in value for stockholders over the next decade, he will be well on his way to becoming the world’s first trillionaire.More than 75% of shareholders voted in favor of the historic compensation plan during a vote at the company’s headquarters in Austin on Thursday. After the votes were in, Musk took the stage and danced after the news was announced.“It’s not just a new chapter for Tesla,” Musk said

3 days ago
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Norris boosts title bid with F1 São Paulo GP win as Verstappen charges to third

Lando Norris won the São Paulo Grand Prix, managing a tense and high-pressure victory from pole position to extend his world championship lead over his McLaren teammate, Oscar Piastri, who finished fifth. The race was marked, however, by a magnificent comeback drive from Max Verstappen to finish third from a 19th-place start in the pit lane and in so doing keep his title hopes just alive.Kimi Antonelli took a superb career-best second for Mercedes, with his teammate, George Russell, in fourth and Haas’s Ollie Bearman an excellent sixth.Norris had to be at his very best at the Autódromo José Carlos Pace with Verstappen and Red Bull having found the pace that eluded then all weekend after taking a new engine and employing a new setup following a dire qualifying. As he scythed through the field Norris had to hold his nerve and control out in front and did so with great self-assurance

about 3 hours ago
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Jamie George warns England not to sit back in awe at New Zealand’s aura

Jamie George has warned that England must not be seduced by the All Blacks’ mystique if they are to clinch a first Twickenham victory over New Zealand in 13 years on Saturday.Steve Borthwick has been boosted before the toughest assignment of England’s autumn campaign with the return to fitness of Elliot Daly, who could make his first appearance since fracturing an arm on British & Irish Lions duty, while Freddie Steward and Tom Roebuck were also named in Sunday night’s 37-man squad.England will host the All Blacks after extending their winning run to nine matches against Fiji, again romping clear in the final quarter, chalking up a 38-18 victory over the Pacific Islanders. Their current form is in stark contrast to 12 months ago when England were mired in a run of six defeats in seven matches, all by narrow margins. Three of those losses were inflicted by New Zealand – two on the 2024 summer tour before a 24-22 loss at Twickenham after George Ford missed two late kicks at goal

about 5 hours ago
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Tesla shareholders approve $1tn pay package for Elon Musk

3 days ago
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Amazon sues AI startup over browser’s automated shopping and buying feature

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Google plans to put datacentres in space to meet demand for AI

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LOL: is this the ultimate texting faux pas (and what should you use instead)?

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Elon Musk’s $1tn Tesla pay deal to be rejected by huge Norway wealth fund

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Apple Watch SE 3 review: the bargain smartwatch for iPhone

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