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Royal Mail invests £500m to tackle late deliveries as second-class post cut back

about 3 hours ago
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Second-class post will be delivered every other weekday and scrapped on Saturdays from next month as part of a £500m plan to tackle late deliveries at struggling Royal Mail.The courier has been piloting a new letter delivery pattern since July, which will be rolled out nationwide in May.The change comes follows a deal with the Communication Workers Union (CWU) and Unite last week that ended a lengthy dispute over the second-class post overhaul.The CWU will now ballot its members on the changes.There will be no changes to first-class post, which will still be delivered daily from Monday to Saturday, or to parcels, which remain unchanged, continuing at up to seven days a week.

The group promised to meet new delivery targets set by the regulator, Ofcom, by next May.Royal Mail was fined a record £21m by Ofcom last October for missing targets after it delivered just 77% of first-class post and 92.5% of second-class post on time in 2024-25.Royal Mail said its £500m investment in the service over the next five years included an agreement to allow 6,000 part-time postal workers to increase their average weekly hours if needed.The move will be funded by savings made from changes to the universal service.

The group increased its stamp prices recently, to £1.80 for a first-class stamp and 91p for second class, despite being criticised by Citizens Advice for providing a “failing service”.In February, Royal Mail blamed stormy weather and high levels of staff sickness after complaints over missed delivery rounds and late letters.The CWU general secretary, Dave Ward, said: “We welcome any serious proposal that seeks to reverse customer service failings at Royal Mail, but what really matters is what happens on the ground to make that change happen.“Postal workers … need answers over whether the workforce will be properly resourced and retained, whether they will have a real say over how change is deployed, what manageable workloads look like, and how serious issues are fixed.

”He said Royal Mail’s attitude of “running the company with top-down command and control methods, and prioritising finance over staffing and customer quality must end”,He added that its track record of sticking to its promises was “not great”, prompting the union to ask the government to continue holding the company to account,Royal Mail expects to improve first-class next-day delivery to about 85% of post within nine months of the changes being brought in, before reaching the 90% target set by Ofcom within a year,The company also vowed to deliver 93% of second-class letters in three days within nine months, and hit the 95% target by May next year,Ofcom has lowered the targets for first-class post to be delivered the next day from 93% to 90% and second-class to be delivered within three days from 98.

5% to 95%, effective from 1 April.But the regulator added a new “enforceable” backstop delivery target, stipulating that 99% of mail has to be delivered no more than two days late.The Royal Mail chief executive, Alistair Cochrane, said the plans would lead to a “step change” in performance across the UK, adding: “We recognise our service hasn’t always been the standard our customers rightly expect and we’re determined to do better.”The shake-up comes a year after the Czech billionaire Daniel Křetínský’s EP Group completed a £3.6bn takeover of International Distribution Services, the owner of Royal Mail.

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Wage growth hits lowest level since November 2020; unemployment rate unexpectedly falls - business live

Revolut is aiming for a $200bn valuation in a stock market listing, according to a report from the Financial Times.It is reported that the fintech firm, which received a full UK banking licence this year, has discussed internally and with some of its investors a target valuation between $150bn to $200bn.Its founder Nik Storonsky said earlier this week that the bank would IPO in 2028 at the earliest. It is understood that the bank has not established a formal valuation target.Revolut declined to comment on the report

about 2 hours ago
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Royal Mail invests £500m to tackle late deliveries as second-class post cut back

Second-class post will be delivered every other weekday and scrapped on Saturdays from next month as part of a £500m plan to tackle late deliveries at struggling Royal Mail.The courier has been piloting a new letter delivery pattern since July, which will be rolled out nationwide in May.The change comes follows a deal with the Communication Workers Union (CWU) and Unite last week that ended a lengthy dispute over the second-class post overhaul. The CWU will now ballot its members on the changes.There will be no changes to first-class post, which will still be delivered daily from Monday to Saturday, or to parcels, which remain unchanged, continuing at up to seven days a week

about 3 hours ago
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Palantir manifesto described as ‘ramblings of a supervillain’ amid UK contract fears

The US spy tech company Palantir published a manifesto extolling the benefits of American power and implying some cultures are inferior to others – in what MPs have called “a parody of a RoboCop film” and “the ramblings of a supervillain”.“Some cultures have produced vital advances; others remain dysfunctional and regressive,” wrote Palantir in a 22-point post on X over the weekend, which also called for an end to the “postwar neutering” of Germany and Japan.The post exhorted the US to reinstate a military draft, saying that “free and democratic societies” need “hard power” in order to prevail.It also predicted a future dominated by autonomous weapons: “The question is not whether A.I

about 9 hours ago
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Who is John Ternus, Apple’s next CEO?

Apple has announced longtime company veteran John Ternus as the next CEO of the company, succeeding current CEO Tim Cook, who is set to transition to executive chair of Apple’s board of directors later this year.Ternus’s term as CEO will begin on 1 September. The hardware engineering executive is a longtime Apple insider, indicating the company will stay the course that has led to record profits under Cook’s leadership. Apple’s yearly profit now tops $100bn, and in January it announced record revenue from its iPhones, boosted by renewed demand in China.“I am profoundly grateful for this opportunity to carry Apple’s mission forward,” Ternus said in a company press release

about 12 hours ago
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NFL draft questions: what should the Jets do at No 2, is Love worth it and will the Cowboys trade up?

Fernando Mendoza is a lock to go No 1, but what happens after is less certain. From a difference-making running back to a polarizing QB, we look at the biggest questions entering draft nightThe draft begins with the second pick this year. We know Fernando Mendoza will be the Las Vegas Raiders’ selection at No 1 overall. With the second pick, the Jets have a decision to make: edge-rusher David Bailey from Texas Tech or the hybrid defender Arvell Reese from Ohio State.Bailey is widely viewed as the top pure edge-rusher in the class

about 4 hours ago
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The Breakdown | Erin King looks to lift Ireland: ‘It was tough some days to keep showing up’

After overcoming a debilitating injury, the Ireland captain is relishing the prospect of a grudge match against FranceTwelve months ago Erin King was not only told she may never play rugby again but faced the possibility of being unable to even run. Fast forward to now and the 22-year-old is ready to lead Ireland in their revenge mission against France this Saturday after their rivals knocked them out of last year’s Rugby World Cup in King’s absence.King, who transitioned from sevens rugby after the 2024 Olympics, had sustained a serious knee injury against England at the 2025 Six Nations which ruled her out of the global showpiece. It was a blow for Ireland’s campaign with the back row going from strength-to-strength in the 15s game. In 2024 she had been named the World Rugby breakthrough player of the year after standout performances that included scoring two tries in the team’s historic win over New Zealand at the WXV tournament

about 4 hours ago
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‘It’s soul-destroying’: struggle to house vulnerable children can leave breaking law as only option

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The fight against medical misogyny has a long way to go | Letters

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A sad indictment that the young seek tradwife life | Letters

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‘A white man’s fantasy’: if we want to rebuild social cohesion, we need to acknowledge where it all started to unravel

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Are you a woman who makes life easier for everyone else? Beware – you could endanger your health | Emma Beddington

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‘Labels protect us’: Olivia Nervo wants reproductive coercion to be a standalone offence – she is not alone

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