Member Info for beatrootjuice

She's no better than Putin. She's doing what she wants as an ego trip as PM and not backing down even though most of the world is saying she's done the wrong thing. Oh yes, and people will die because of her policies and I'm not talking as a fan of Labour either but now I'd take Starmer over her.

Sunak should have been PM. Full stop.

Can't understand why they didn't raise the tax threshold instead of lowering tax by 1%? That would have helped many more people earning normal wages and would have still given then a chance to win the next general election. Giving someone earning a normal wage £300 off their tax bill when someone earning £150k gets £5k off theirs is political suicide. Winning an election I now don't think will be possible. Can't understand why they didn't vote for the ex money man Sunak in times when the purse strings could have done with someone more qualified than Truss to sort thigs out?

Sorry Oli, should have read the full thing but so much being posted here.

You've got no idea or are believing what they say about letters. There's no way you'd deliver 6 days letters in two and who's going to do the pkts?

Talk sense, what about emergency services and nhs and a multitude of other professions that will be working today. The world doesn't revolve around the queens funeral. They will probably be getting more pay today instead?

If delivering letters is such a loss making exercise, if the USO goes, why don't royal mail say, actually we don't want to deliver letters at all, we'll just morph into parcel force and just do medium to large pks. If anyone wants to send post or small ebay type pkts then do it through some other firm if anyone would actually take that work on.

If you're only delivering a few times a week you're actually delivering more post on those days not less.

Royal mail haven't got the funds to pay a dividend, they're losing a million a day haven't you heard. So begs the question I asked, why did they pay a £400m dividend!

That's what it all hinges on. Get rid of that mill stone and we may be ok. It would involve redundancy pay outs though. The only way forward from a business perspective if royal mail and GLS are to remain the same company, is for letters to be delivered 3 days a week. As we (and management) have seen, when days get rolled over double mail does not meen double the time to deliver it. Covid was an experiment for this and all the times your round doesn't go out on your day off and you have to deliver double the next day, this was being monitored. They know, provided they don't get fined for contravining the USO, which they weren't, that it is cheaper to do this. One person to do pkts for three duties every day, would result in big staff reduction. If they even offered £25k to go, they'd have the door beaten down.

Arsenal, banks couldn't pay dividends for a year, airlines and holiday companies had to stop theirs and shell and BP halved theirs. I'm sure Royal mail could have done something similar bearing in mind they are making a loss, or so we hear.

It all could have been so much different if management had stopped the dividend. Even if they'd cut it in half they'd have had enough money to give every postie around 6.5% pay increase this yr. If they'd suspended it they could have given every worker a £3k plus cost of living crisis lump sum and probably had a happy workforce. But no, they wanted an unsustainable dividend to say that there's no money for a rise without the change they always wanted. CEO is clueless and needs to go.

Manfor , 40p you are seriously deluded imho.

Everyone should work to time, no day off worked. That's the only way.

Redceo, so do you think Royal mail showed respect in actually having a service day today?

Rural, that begging letter was a joke today from the boss. No explanation of why he spent 400 million on a dividend when the company has no money.

Noticed one of the parameters for awarding performance related shares is shareholder return. Is this why the divi wasn't cut one wonders?

They may be offered for future redemption but they aren't exactly paying market value for them otherwise there would be no point in it at all?

The bosses are failing Royal Mail on purpose so they can say it's a non entity and unprofitable so that they can jump ship to GLS and split the company so they don't have to deal with us trouble making posties any more. Leave that to the govt who will probably re nationalise just to provide a service on even worse terms than we have already. Either that or they are clueless insensitive excuses for human beings for awarding shares to directors at this time. Still can't quite work out why they paid a generous divi when they claim the company were making a £1m a day loss? Most loss making companies cut their divi out of prudence. The directors of this company anger their workforce and take the money (they allegedly haven't got) for themselves and office managers who got their deal. Company directors just move on to the next company and start again.

Better for our divi payments at least.