Chuka Umunna MP, Labour’s Shadow Business Secretary, responding to Royal Mail’s submission to Ofcom setting out a ‘threat to the universal postal service’, said:

“The Tory-led Government’s fire sale of Royal Mail has put postal services at risk.

“David Cameron’s Government short-changed taxpayers to the tune of hundreds of millions of pounds while the City made a killing at the public’s expense. Now, according to Royal Mail itself, the postal services and daily deliveries which consumers and businesses rely on are under threat.

“The next Labour government will secure the future of the universal service obligation, protect the historic link between Royal Mail and the Post Office network and act to keep stamp prices at an affordable level at a time when families are being hit by a cost-of-living crisis.“