The Royal Mail has said that it will have to raise prices for customers and cut costs amid the growing cost of living crisis.
After it was confirmed by the Office for National Statistics (ONS) yesterday that UK inflation has now risen to 9% – which is the highest the figure has been for the last 40 years – with prices hiked across a broad range of everyday goods and services during April, the Royal Mail has issued a statement this morning warning that it sees “significant headwinds” from rising costs – including wages, energy, and fuel.
In an attempt to bolster its position, the postal and courier service revealed that it aimed to make cost savings of £350 million over the course of its current financial year.
Today’s statement on price rises comes after the group already notably hiked the cost of posting letters by an average of around 7%, and parcel prices by an average of about 4% – which took the cost of a first-class stamp to 95p, and a second-class stamp to 68p.
But the Royal Mail says it still sees numerous threats from rising costs ahead, and claimed that it is now at a “crossroads”.
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The Royal Mail has said that it will have to raise prices for customers and cut costs / Credit: Geograph | Royal Mail
Explaining the current situation in its most-recent results statement, the Royal Mail said: “We are now at a crossroads.
“We need to deliver the benefits from change more quickly to deliver sustainable growth. We have made significant operational change already, but this needs to translate into real efficiency savings which deliver a financial benefit next year and beyond.
“Delivery of our existing agreements and the successful transition into the next agreements, as part of the current negotiations with the CWU, will be key to future profitable growth. We have made a substantial pay offer to our people which will enable the change we need to remain competitive, grow and secure their jobs for the future.
“Our market is changing quickly, and agility in our response is key.”
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The UK’s largest postal and courier service claimed it’s now at a “crossroads” / Credit: Royal Mail
Speaking more on the need to raise prices and cut costs going forward, Simon Thompson – Chief Executive at the Royal Mail – added: “As we emerge from the pandemic, the need to accelerate the transformation of our business, particularly in delivery, has become more urgent.
“Our future is as a parcels business, so we need to adapt old ways of working designed for letters and do it much more quickly to a world increasingly dominated by parcels.”
He added: “Our focus now is to work at pace with our people and our trade unions to reinvent this British icon for the next generations, so that we can give our customers what they want, grow our business sustainably and deliver long-term job security for our great team.
Major travel warning issued ahead of Manchester Pride this bank holiday weekend
Emily Sergeant
A major travel warning has been issued ahead of the upcoming bank holiday weekend.
Of course, Manchester Village Pride returns to the city centre this weekend from Friday 28 to Monday 31 August – with four days of music, live performances, and entertainment taking place to celebrate the LGBTQ+ community, and of course, the annual Pride Parade will be taking to the streets from 12pm on Saturday too.
Starting at midday on Liverpool Road, the Pride Parade will travel through the city centre via Deansgate, Peter Street, Oxford Street, Portland Street, and Whitworth Street, all before arriving in the Village and closing out at around 4pm.
Pride may be the biggest event in Manchester this weekend, but given the fact it’s a bank holiday too, it’s by far the only thing happening.
A major travel warning has been issued ahead of this bank holiday weekend / Credit: TfGM
As thousands of visitors gear up to visit the city in the next few days, travel warnings have been issued by Manchester City Council and Transport for Greater Manchester (TfGM), as road closures are in place and major traffic congestion is expected across the city centre.
For the celebrations to all take place as safely and seamlessly as possible, a full list of road closures and parking suspensions have now been published.
Drivers are advised to avoid travelling into the city centre by car if possible, particularly on Saturday, and should use other modes of transport – such as buses, trams, and trains – instead to best avoid all the closures.
But for those who do need to drive, they’re being strongly advised to ‘allow plenty of extra time’ for their journeys and check routes before setting off.
🏳️🌈 On Saturday [29 August], it's the #PrideParade so you'll see plenty of rainbows in the city centre.
To allow the parade to take place: – There will be road closures in place – Some buses may operate on diversion – Trams in the city centre may experience minor delays
Wherever possible, drivers are advised to park on the same side of the city as their route, as travelling across the city to reach a car park could add additional time to the journey.
“Plan ahead if you’re travelling over the bank holiday weekend,” Manchester City Council said in its travel warning.
“A number of other major events are taking place across the city, including live events at Wythenshawe Park and Manchester United’s first home game of the season, which are likely to increase demand on tram services and roads in and around the city centre.”
You can find out everything you need to know about Manchester Village Pride here, and see the full list of road closures here.
Featured Image – TfGM
News
Aldi on Market Street is officially open again, with a major upgrade
Daisy Jackson
Good news for literally everyone in the city centre – Aldi on Market Street is BACK after a major upgrade.
The supermarket in the Manchester Arndale has been closed for what feels like an eternity (okay, three weeks) while it was given a refurbishment as part of Aldi’s Enhanced Project Fresh initiative.
The closure had left some shoppers less than impressed, with locals previously taking to social media to say it had ‘ruined my f***in day‘.
But after weeks of waiting, the Market Street branch is now back open, and Aldi says there are plenty of changes for shoppers to discover.
The revamped store has been given a new floor layout, upgraded refrigeration and repositioned departments, all designed to make navigating the shop a little easier.
Having popped in this morning, we can confirm that the aisles feel significantly less claustrophobic than they did previously.
One of the biggest additions is a brand-new in-store bakery, alongside expanded chillers and an enhanced fresh produce section.
Buzzball BiggiesThe new Aldi bakery on Market StreetAnd magnums of Aldi’s own chicken wineLoads of new self checkoutsThe aisles feel much wider and calmer in the new Aldi Market Street
There’s also a larger food-to-go chiller, while the freezer section has been redesigned with easy-to-browse freezers.
And for anyone who has ever found themselves trapped in a city-centre supermarket queue, Aldi has also introduced an improved queuing system for its self-checkouts, with the changes intended to ease congestion during the busiest periods.
Store Manager Mark Strickland said: “We thank our customers for being patient during this period of closure and we hope the improvements we’ve made to the store create a noticeably better experience for our shoppers.
“The new floor, upgraded refrigeration, and repositioned departments now make shopping at Aldi Arndale easier and more comfortable than ever.
“We’re looking forward to welcoming back familiar faces and new customers to showcase what we’ve achieved.”
The makeover forms part of Aldi’s wider investment programme across its stores, including the rollout of updated CO₂ refrigeration systems.
According to Aldi, the carbon reduction from the completed programme will be equivalent to the amount of energy used to heat more than 6,500 homes.
So, while Mancs might have had to survive without their Market Street Aldi for a little while, there’s now a shiny new reason to head back into the Arndale.
Emily Sergeant -
19th May 2022 
