Postage stamp revenue and postal strike losses
Stamp revenue fell from £40.5 million in 1978 to a provisional £30.6 million in 1979, largely because the postal strike cost about £13 million in revenue, partly offset by £10 million in expenditure savings. The Minister said 1980 revenue was improving but did not have the extent of the increase.
asked the Minister for Posts and Telegraphs the amount of revenue accrued from the sale of postage stamps in the past year and how this figure compares with the previous year.
Comment on this
The information required by the Deputy is about £30.6 million in 1979 as against £40.5 million in 1978. A provisional figure only is available for 1979 at this stage.
Comment on this
The reduction in receipts for 1979 is due to the prolonged postal strike which gave rise to an estimated loss of £13 million in postal revenue. Against that loss there were savings in expenditure, in terms of salaries, wages and so on, of postal personnel, of approximately £10 million.