Postcomm's price cap tough on Royal Mail's £4bn pension deficit

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UK - Royal Mail's chief executive Adam Crozier has claimed the regulator's proposed cap on first class stamp prices at 36p by 2010 would create "tough" challenges for the financially ailing company with a £4bn pension deficit.

The recommendation was included in proposals published today by Postcomm, the independent regulator for postal services. Royal Mail had called for the cap to be 39p by 2010. It was hoped this wo...

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