Scrapping some deliveries would save Royal Mail between £250 million and £425 million a year, according to Ofcom.

Royal Mail could scrap second class letter deliveries on Saturdays and reduce the service to alternate weekdays under new plans announced by regulator Ofcom.

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Asda has confirmed that it will slash the price of nearly 4,000 products at over 1,2000 stores from today (January 30).