The parcel industry is set for changes as the postal sector has the first part of its new regulatory framework set out by Postcomm, the UK postal regulator.

It is believed a newly designed and solid framework for regulation is needed for the future of the UK's postal services.

The Queen’s Speech on Tuesday, outlined the proposals made this week on May the 25th.

The new structure will be in line with the change in market developments seen over the last couple of years – specifically concerning the fields of cost transparency and accounting separation.

Postcomm Chairman, Nigel Stapleton, said:

"Mail volumes have fallen by 15 per cent in the last four years.

"At the same time, internet shopping has increased the volume of packets sent by post."