Subject	Predicate	Object
WG8VcyTX	a	Resource
		Answer
		Written answer
	answer has question	CyAM0BVR
	answer has answering person	Kevin Paul Hollinrake
	answer text	<p>It is the responsibility of Ofcom, as the independent regulator of postal services, to ensure that the universal postal service is affordable for customers as well as being efficient and financially sustainable. Royal Mail must work within Ofcom's regulatory framework, including the current price cap that prevents second class post rising above inflation, to ensure the availability of a basic affordable universal service.</p><p>Ofcom recently reviewed the safeguard caps and announced on 24 January 2024 that it would retain the safeguard cap on second class standard and large letters and not allow the safeguard cap to rise higher than CPI inflation.</p>
	answer given date	2024-04-02
	answer has answering body	Department for Business and Trade
	written answer has answering body	Department for Business and Trade
Department for Business and Trade	answering body has written answer	WG8VcyTX
Department for Business and Trade	answering body has answer	WG8VcyTX
CyAM0BVR	question has answer	WG8VcyTX
Kevin Paul Hollinrake	answering person has answer	WG8VcyTX