Royal Mail gets £10.5 million fine for poor performance

[robbtyke132010]

In the news this morning Royal Mail has been fined for not reaching its delivery targets - £10.5 million for achieving a 74% First Class doorstep delivery rate ( instead of 95% ). All well & good - now you know where your item is, it is in "the system". My question is - where does this £10.5 million go? Into some black hole? Community housing? NHS? Should it not be distributed amongst those unfortunate eBay sellers who access the poor service in the first place & have to put up with the flak from buyers wanting to know where their item is? Just a thought.

But seriously - I have always wondered where the money goes when a big corporation is fined, be it Apple or Google or Royal Mail. Answers on a postcard please - winner will be sent a prize via Royal Mail, it cannot be guaranteed to arrive before Xmas!

[4_bathrooms]

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@robbtyke132010 wrote:

My question is - where does this £10.5 million go?

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As per Ofcom:

"Any income received through issuing fines is passed directly to HM Treasury and does not contribute to Ofcom’s running costs."

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@robbtyke132010 wrote:

But seriously - I have always wondered where the money goes when a big corporation is fined, be it Apple or Google or Royal Mail. 

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Whilst it depends upon who's doing the fining most of the big corporate fines you hear about in the news go to the Treasury.

[robbtyke132010]

Glad to see it is not wasted then!

[signs_and_vintage]

Prince Andrews advance funeral planning?

This'll be Brian's excuse to somehow 'kick him out' properly I think.