Money Marketing Govt to get go ahead on Royal Mail pension transferMoney MarketingThe European Commission will today give the green light to the Government taking on £37.5bn of Royal Mail's pension liabilities, according to reports. The move will also see £28bn of assets transferred to the Government books and will remove a major … More:…
Budget 2012: Can Royal Mail's pension assets be called a 'windfall'?Citywire.co.ukby Caelainn Barr on Mar 21, 2012 at 17:45 During his Budget speech Chancellor George Osborne gleefully announced that the transfer of £28 billion worth of assets from the Royal Mail to the Exchequer was a 'windfall' for the government. More: continued here
The Government today welcomed European Commission approval of a state aid package for Royal Mail which cuts the company's pensions bills and bolsters restructuring costs with a debt reduction of more than one billion pounds. More: continued here
European Commission approval of Royal Mail aid welcomedThe IndependentThe Government today welcomed European Commission approval of a state aid package for Royal Mail which cuts the company's pensions bills and bolsters restructuring costs with a debt reduction of more than one billion pounds. More: continued here
The Poke Domino's to take over Royal Mail deliveriesThe PokeDelivery News: The Government has announced plans to allow Domino's Pizza to take over postal delivery from the Royal Mail, starting in 2013. “Domino's Pizza has a proven track record for quick, efficient delivery of items across most of the UK,” said …and more » More: continued…
Hastings and St. Leonards Observer Veteran mail man retires from his postHastings and St. Leonards ObserverDAVE Ormerod has hung up his post bag after nearly half a century of delivering mail in 1066 Country. The 65-year-old, of Albany Court in Robertson Terrace, gave 47 years of loyal service to Royal Mail and worked as a…
A Very British BudgetWall Street Journal (blog)“On the face of it, Osborne has money to spend relative to his targets, with the PSBR [public sector borrowing requirement] undershooting by £7 billion last year and some cash coming in from the transfer of the Royal Mail pension fund,” said Lloyds …and more » More: continued here
The nationalisation of the Royal Mail's pension scheme has been approved by the European Commission. More: continued here
* EU Commission approves pension revamp, debt restructure * Boosts government plans for Royal Mail privatisation * Decision welcomed by CWU, privatisation opposed LONDON, March 21 (Reuters) – Privatisation … More: continued here
European Union anti-trust regulators on Wednesday approved British government plans to provide pension relief and slash the debt of Royal Mail Group as part of its privatisation. More: continued here