Soaring inflation, cost of living crisis and falling demand for Covid-19 test kits sees Royal Mail lose “£1m a day”


 

High inflation, the cost of living crisis and a fall in demand for Covid-19 test kits have seen Royal Mail's total parcel volumes plummet, with the company currently losing GBP1m a day, according to Keith Williams, chair of Royal Mail.

In its latest trading update for the three months to 30 June, Royal Mail has revealed that its total parcel volume fell 15% with revenue down by 15.1% compared to the prior year.

In addition, total parcel volume only grew [...]



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