Royal Mail may end daily deliveries

They’re calling it the Royal Mail betrayal.

Just two years shy of its 500th birthday, the United Kingdom’s postal service may be forced to end its daily deliveries because of the threat from rivals.

According to Royal Mail – whose profits have slumped by £74million while shares continue to drop - competing courier services are ‘cherry-picking’ highly-profitable business contracts while it must deliver to everyone in the country for the same price.

Chief Executive Moya Greene says rapid expansion by rivals like Whistl – which has begun doorstep deliveries in major cities but not every day or in rural regions – ‘undermines the economics’ of the nationwide delivery service operated by Royal Mail, which was privatised in 2013.