The UK’s postal regulator has proposed easing the Royal Mail’s obligations, allowing the company to make fewer deliveries as the group prepares for new ownership under Czech billionaire Daniel Křetínský.

Britain's Ofcom has proposed changes to Royal Mail's obligations including so-called second-class letters delivered on alternate weekdays instead of Saturdays, the regulator said on Thursday. The Royal Mail,

It must work for customers, workers and businesses that help drive growth across the country.“Parliament has given Ofcom a duty to seek a financially sustainable and efficient universal service obligation,