Royal Mail

Deutsche Post yesterday pulled out of the running for a stake in the UK’s Royal Mail and instead turned the spotlight on the need to overhaul its own mail delivery business as it races to cut costs to cope with an unprecedented plunge in demand. More: continued here

Royal Mail pensions deficit 'to cost taxpayer £12bn'Telegraph.co.uk, United KingdomThe Government is planning to hide the crippling cost to the taxpayer of taking on Royal Mail's pension deficit, which could be double the published £6bn figure, under proposals to reshape the postal group, a leading pensions expert has warned. … More: …

Rebel Labour peers have failed in their bid to derail Lord Mandelson’s plans to partprivatise the Royal Mail. More: continued here

Ministers are willing to cede overall control over the appointment of Royal Mail’s chief executive and other key “operational matters” to a minority shareholder in the postal operator, it emerged on Monday. More: continued here

The government pressed ahead yesterday with its controversial plans to part-privatise the Royal Mail in the face of opposition from Labour MPs and unions, pledging to use money from the sell-off to modernise the business. More: continued here

The fraught efforts to part-privatise Royal Mail encountered further difficulties yesterday after investors in TNT, the frontrunner to buy a stake in Britain’s state-owned postal operator, cautioned against the move. More: continued here

Plans to partially privatise Royal Mail have come under increased pressure again this week following reports that the mail operator’s much-publicised pension deficit could be as much as double the previous £6bn estimate. More: continued here

The Tories have issued a stark warning to Lord Mandelson, threatening to withdraw critical support for government plans to part-privatise the Royal Mail if the Business Secretary makes concessions to Labour rebels. More: continued here

SNP Postal Affairs spokesperson, Mike Weir MP, has welcomed a poll showing almost seventy per cent opposition to controversial proposals to part-privatise Royal Mail and the threat it poses to jobs in the service. More: continued here

The government has rejected calls from MPs for a precise figure on the costs of modernisation of the Royal Mail. More: continued here