Royal Mail warns it might need government support without USO reform

Royal Mail has warned it might need government help to see it through the slump in people sending letters. In its ongoing battle to get its Universal Service Obligation (USO) amended, Martin Seidenberg, chief executive of Royal Mail owner IDS, wrote to Liam Byrne, chairman of the business and trade select committee saying it might need financial help unless there are reforms. Seidenberg warned unless there are changes it will have to “significantly” hike prices or even seek aid from the government through a ...