BGN Entrepreneur

Almost half a million Royal Mail staff past and present have been warned that their pensions could be halved if the plan to privatise part of the business does not go ahead.
However, one of the leaders of the nearly 140 Labour MPs fiercely opposed to the sale of a stake in the Royal Mail accused [...]

As the Conservatives and the main postal union launched advance attacks on the government’s plans for the postal operator, Ministers were forced to rule out the full privatisation of Royal Mail as losses mount.
According to a report by Richard Hooper, the lossmaking company is confirmed to be techinically bankrupt due to its ￡7bn-puls pension liability. [...]