The United Kingdom postal and courier industry currently generates over 20 billion British pounds in turnover every year, which translated into greater contributions towards the national economy. In 2017, the chained volume index of the postal activities GVA reached its peak since the beginning of the reporting period in 2014.
Consumers within the highest ten percentile of gross income decile groups spent the most on mail and parcel delivery services, at 1.30 British pounds of weekly household expenditure.
Parcel shipments in the UK climbed to an astonishing 3.65 billion in 2018, which was more than double the volume sent six years previous. By far the most commonly used courier service, the Royal Mail was responsible for nearly half of all packages delivered in 2017.
The recently privatized company was first established for the Royal Family, before serving the general public as a state-owned company. In its 2019 fiscal year, the Royal Mail was responsible for the delivery of 10.27 billion addressed letters and 1.2 billion parcels within the UK.