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”.
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.”
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.
‘Dazzling’ Victorian silver sculpture goes on public display in Greater Manchester after fears it was lost
Emily Sergeant
A long-lost masterpiece of Victorian silverwork has been saved and is now on display to the public in Greater Manchester.
Anyone taking a trip over to the National Trust’s historic Dunham Massey property, on the border of Greater Manchester into Cheshire, this summer will get to see the ‘dazzling’ sculpture called Stags in Bradgate Park – which was commissioned by a former owner in a defiant gesture to the society that shunned him.
The dramatic sculpture of two rutting Red Deer stags, commissioned in 1855 by George Harry Grey, 7th Earl of Stamford, was said to be an ‘act of love and rebellion’.
It also serves as a symbol of ‘locking horns’ with the society that ostracised him over his marriage to a woman considered ‘beneath him’.
“This isn’t just silver – it’s a story,” says James Rothwell, who is the National Trust‘s curator for decorative arts.
“A story of a man who fell in love with a woman that society deemed unworthy. When the Earl married Catherine Cox, whose colourful past was said to have included performing in a circus, Victorian high society was scandalised. Even Queen Victoria shunned the couple at the opera and local gentry at the horse races in Cheshire turned their backs on them.”
Modelled by Alfred Brown and crafted by royal goldsmiths Hunt & Roskell, Stags in Bradgate Park is a meticulously-detailed depiction of nature, and was considered a ‘sensation’ in its day.
Showing the rutting deer positioned on a rocky outcrop with gnarled hollow oaks, it graced the pages of the Illustrated London News, was exhibited at the London International Exhibition of 1862, and at the Paris Exposition Universelle of 1867 – both of which were events that drew millions of visitors.
A ‘dazzling’ Victorian silver sculpture has gone on public display in Greater Manchester / Credit: Joe Wainwright | James Dobson (via Supplied)
The silver centrepiece was the celebrity art of its time, paraded through streets and admired by the public like no other.
Gradually over the years, some of the Earl of Stamford’s silver collection has been re-acquired for Dunham Massey, and this particular world-renowned sculpture, thought to be lost for decades and feared to have been melted down, has miraculously survived with its ‘dramatic’ central component being all that is left.
“The sculpture is not only a technical marvel, with its lifelike depiction of Bradgate Park’s rugged landscape and wildlife, but also a dramatic human story key to the history of Dunham Massey,” added Emma Campagnaro, who is the Property Curator at Dunham Massey.
“It speaks of nature, of craftsmanship, and of a couple who chose each other over status and what others thought of them.”
The sculpture has now gone on display at Dunham Massey from Thursday 26 June.
Featured Image – James Dobson (via Supplied)
News
Lewis Capaldi announces MASSIVE comeback gig in Manchester this year
Thomas Melia
Everyone’s favourite Scottish ballad-maker, Lewis Capaldi, is heading out on tour across the UK, including a massive Manchester date.
Scottish singer-songwriter Lewis Capaldi is ready to tug at our heartstrings again right in front of our eyes as he announces a new UK arena tour.
This huge announcement comes right after his surprise set at the UK’s biggest music event of the year, Glastonbury, where he made a heroic return to the Pyramid Stage just two years after being forced to pull out.
Capaldi is known for writing some of the most notable and emotive hits of the late 2010s and early 2020s, including a long list of anthems such as ‘Someone You Loved’, ‘Bruises’ and ‘Before You Go’.
His monster of a hit ‘Someone You Loved’ has surpassed 3.9 billion views and is the UK’s most-streamed song of all time, so it is safe to say that his presence has been well and truly missed.
To many fans’ delight, the singer has stepped back into the spotlight and is ready to sing his heart out live at a variety of arenas across the UK, including Co-op Live right here in Manchester.
Now, in a post on his official Instagram account announcing this upcoming UK and Ireland arena tour, it’s good to see the Scottish powerhouse hasn’t lost his wit and charm as he jokes, “About time I got back to work.”
These shows are set to be in high demand as the singer has also revealed these upcoming dates, “Will be my only shows in the UK, Ireland or Europe this year! Would love to see ya there.”
On the back of his glorious Glasto return, Capaldi has dropped a huge heart-wrencher titled ‘Survive’ which offers more insight into the struggles and challenges the singer has been facing.
There is no confirmation of whether this new single marks the launch of a bigger project or not, but we can’t wait to scream his hits at the top of our lungs, regardless of when he pays Manchester a visit later this year.
Emily Sergeant -
19th May 2022 
