Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Royal Mail suspends counterfeit stamp fines, following Chinese surge

by April 30, 2024
April 30, 2024
Royal Mail suspends counterfeit stamp fines, following Chinese surge

Royal Mail has announced a temporary suspension of £5 fines imposed on individuals who receive mail with counterfeit stamps, responding to concerns over the surge in fake stamps, particularly from China.

Reports indicate that the switch to a barcode-based system has led to an increase in fraudulent stamps, prompting complaints from customers who were penalized for unwittingly collecting post with bogus stamps.

To address the issue, Royal Mail is introducing measures such as developing a new counterfeit stamp scanner in its app, allowing customers to verify the authenticity of barcodes. Additionally, stickers will be applied to items with counterfeit stamps to alert recipients, and efforts will be intensified to charge senders of items with counterfeit stamps rather than recipients.

Fraudulent stamps from China have been a major source of complaints, with accusations of economic warfare stemming from the alleged influx of millions of counterfeits into Britain. The problem intensified after the transition to barcoded stamps last July, with small retailers reportedly unknowingly purchasing forgeries in bulk.

In response to concerns, Royal Mail is bolstering its efforts, including adding an independent expert to verify stamp authenticity and strengthening partnerships with retailers and online marketplaces to combat the sale of counterfeit stamps. Despite reports of Chinese suppliers offering to print counterfeit Royal Mail stamps, the Chinese embassy in London has dismissed the claims as “absurd.”

Nick Landon, Royal Mail’s chief commercial officer, said: “The combination of new barcoded stamps with added security features and Royal Mail actively working with retailers, online marketplaces and law enforcement authorities has led to a 90 per cent reduction in counterfeit stamps. We want our customers to buy stamps with confidence and always recommend that customers only purchase stamps from post offices and other reputable high street retailers, and not to buy stamps online, unless from the official Royal Mail shop.”

Read more:
Royal Mail suspends counterfeit stamp fines, following Chinese surge

0
FacebookTwitterGoogle +Pinterest
previous post
RFK, Jr reveals path to presidency as Biden, Trump campaigns target race ‘spoiler’
next post
Easing pressure on shop prices has sparked hopes for potential rate cuts

You may also like

simp leminers redefine passive income opportunities with innovative...

February 28, 2024

Squeezed Homeowners Opt for Longer Mortgage Terms

April 14, 2024

IGF surpasses half a billion of lending facilities

December 3, 2022

Google found in breach of monopoly laws over...

August 6, 2024

8 Businesses Worth Considering As Lucrative Startups

October 20, 2022

One in five workers undergoing fertility treatment have...

September 14, 2023

No 10 food summit ‘no more than a...

May 16, 2023

Elevating Business Branding: The Power of Apparel Printing...

November 2, 2023

Business confidence hits highest level since October budget...

May 1, 2025

How AI is changing the IT support industry

September 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Rubio condemns assassination attempt on Colombian presidential candidate Miguel Uribe

      June 8, 2025
    • Obama WH physician says Biden doc should have performed cognitive test

      June 8, 2025
    • Trump warns of ‘serious consequences’ if Elon Musk funds Democrats

      June 7, 2025
    • Musk jokes about reconsidering stance on Big Beautiful Bill after Schiff’s praise

      June 7, 2025
    • Musk deletes explosive posts about Trump and Epstein files

      June 7, 2025
    • House witness flips script on Dem who ambushed him during hearing with unearthed tweet: ‘Iceberg is ahead’

      June 7, 2025

    Categories

    • Business (8,152)
    • Investing (2,019)
    • Politics (15,570)
    • Stocks (3,136)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved