Ask Owen – Finance Advice

Postal Strike Woes

November 6, 2009 · Leave a Comment

I was posed this question by Tim:

What sort of repercussions do you think the recent postal strike could have on banks and small businesses?

In my opinion, the postal strike is a disaster all round.

It is certainly a disaster for small businesses and individuals who rely on the postal service for cashflow etc. It is clearly a disaster for Royal Mail which will lose millions of £s through the strikes.

I also predict that it will be a disaster for the postal workers. Royal Mail may have something of a monopoly but my golden rule is that whatever the dispute, you should never take it out on your customer because without them, you would not have a job.

Let’s hope they see sense soon because I suspect there are now lots of Royal Mail customers thinking about other ways (email etc) in which they can communicate with the rest of the world.

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