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Royal Mail faces £7bn pension gap (Guardian Unlimited)

Royal Mail’s pensions ‘black hole’ has more than doubled to some £7bn, placing a ‘ticking timebomb’ under the country’s most cherished state-owned industry. The implications of the soaring pensions deficit are laid bare in a long-awaited assessment of Royal Mail’s operations submitted to ministers in the past few days by Richard Hooper, a former deputy chairman of Ofcom, who is chairing an …

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