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PRESS DIGEST – British business – Feb 24 – Reuters

PRESS DIGEST – British business – Feb 24ReutersNearly half a million Royal Mail employees past and present have been warned their pensions could be halved if the plan to privatise the business does not go ahead. Jane Newell, chairman of the trustees, said in a letter to Business Secretary Lord …

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Part-sale of Royal Mail to be proposed this week – Reuters

BBC News Part-sale of Royal Mail to be proposed this weekReutersBy Adrian Croft and Frank Prenesti LONDON (Reuters) – The government is expected to introduce controversial legislation this week to part-privatise Royal Mail, a labour union said on Monday. "We've been briefed by a senior government source that a bill …

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Royal Mail faces pension peril – Metro

Metro Royal Mail faces pension perilMetro, UKThe Royal Mail pension fund deficit is much larger than the £5.9billion thought, it was claimed yesterday. In a letter seen by the BBC, the chair of trustees, Jane Newell, warned the only way to save the fund was by selling part of the business. …

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