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Less regulation of Jersey Post prices?

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ISLANDERS are being asked to give their views on a plan to scale back regulation of Jersey Post – a move that would allow the company to increase the price of stamps without seeking the regulator's permission.

The move would save the embattled company – which has been hit hard by the loss of the fulfilment industry and the rise in online communication – at least £155,000 a year in licence fees under the proposal announced this morning by the Channel Islands Competition and Regulatory Authorities.

Instead of controlling Jersey Post's prices, the regulator would focus on the quality of service and universal service obligations.

Kevin Keen, the chief executive of Jersey Post, welcomed the proposal and gave assurances that postage prices would not 'skyrocket' if the changes were implemented.

To view the consultation paper, visit http://www.cicra.gg/post/index.aspx.

Responses are due by Friday 29 March and can be made in writing to Second Floor, Salisbury House, 1-9 Union Street, St Helier, Jersey JE2 3RF, or by email to info@cicra.gg.

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