The owner of the mail delivery service reveals the cost of the ongoing dispute over pay and conditions.
The owner of Royal Mail says the recent wave of strikes at the postal firm have cost it £200m so far.
The number would be "significantly" less than the 5,000-6,000 it forecast before, partly due to staff turnover. It also said that "robust contingency planning" meant it delivered more than 110 million parcels and 600 million letters in December.
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