Royal Mail invests £500m to tackle late deliveries as second-class post cut back

Company promises to meet new delivery targets by next May after being fined last year for poor record

Business live – latest updates

Second-class post will be delivered every other weekday and scrapped on Saturdays from next month as part of a £500m plan to tackle late deliveries at struggling Royal Mail.

The delivery company has been testing a new letter delivery pattern in a pilot since July, and it will be rolled out nationwide in May.