Chief executive Kevin Keen said that the company would probably announce the new prices in the next few weeks.
The imminent loss of the low-value consignment relief industry – which has thrived in Jersey for several years due to a VAT loophole on exported goods such as CDs and DVDs – will probably see the volume of mail handled by Jersey Post reduced by half.
‘Raising prices is certainly a strong possibility,’ Mr Keen said. ‘We are looking at all our prices now, but we will be losing a large volume of mail and we have to replace the revenue from somewhere. The fulfilment industry has effectively subsidised the normal postage system for some years.’
Full story in Tuesday’s JEP
