To ask the Secretary of State for Business, Innovation and Skills, if he will make an assessment of the financial sustainability of the Universal Postal Service in (a) 2019-20, (b) 2020-21, (c) 2021-22, (d) 2022-23 and (e) after 2023.
Answered on
2 January 2015
Parliament has given Ofcom, as an independent regulator, the primary statutory duty to secure the provision of a universal postal service and to have regard for its financial sustainability.
Ofcom have a detailed monitoring and forecasting regime in place to assess the health of the universal postal service on a monthly basis and if the evidence suggests the need for a further review – which can be carried out at any given point in time - Ofcom would not hesitate to do this.