Glossary (English) beginning with P

P

• Postmark

  A marking applied to a cover to show the date and point of mailing or arrival.

• Price control

  A regulatory control imposed by Ofcom to ensure affordability of 2nd Class stamped mail. A separate margin squeeze control on 2nd Class bulk mail aims to ensure a sufficient margin exists between Royal Mails retail price and the Access price to facilitate effective upstream competition.

• Pricing in proportion

  Royal Mail's decision to move away from prices based only on weight to a system that also takes into account the size of items being posted.