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Firms to seek business loans for postal fees?
Reported on Wed, 09 Aug 2006
Small and medium sized businesses may need to take out business loans to cope with the increased financial pressure of new postal regulations.
Those who regularly use the mail for their business activities are to be hit hardest in the next fortnight as the Royal Mail introduces a new system of charges, according to Freelance UK.
Reports suggest that the new charges will now apply to an item's size, length and thickness, with the intention of simplifying the process.
The Royal Mail states that "Depending on the type of mail you normally send there could be an increase or decrease in your postage costs.
"You may consider investing in new equipment, such as a folder inserter system or dynamic scales to help automate the process."
Meanwhile, the British Chambers of Commerce warned today that there could be further rises in interest rates.
Small and medium sized businesses to be affected by the new postal legislation and by rate rises may wish to apply for business loans to balance their outgoings.
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