00:00 In November, Royal Mail revealed a half a year loss of £319m.
00:06 As part of cost-cutting measures, regulator Ofcom has said that it could be possible to delay deliveries
00:12 that would usually be delivered within two days by one day,
00:16 meaning some posts would then take three days to get to the recipient instead of two.
00:21 Items that would be impacted are those referred to as 'bulk items'
00:26 and include things such as hospital appointments, court documents and fines.
00:31 Royal Mail said Ofcom's report demonstrates reform is urgently needed
00:35 to protect the one price goes anywhere universal service.
00:39 The postal service was privatised back in 2013 and has frequently struggled to meet
00:45 its government-imposed obligation to deliver to over 30 million premises six days a week.
00:51 Royal Mail boss Martin Seidenberg said they are considering the options put forward in Ofcom's report.
00:59 [BLANK_AUDIO]
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