It’s too expensive to send a letter — we should renationalise Royal Mail, not sell it abroad

Mr Kretinsky may not even be that interested in Royal Mail. Some observers, including The Spectator’s Martin Van der Weyer, think that his real interest is in GLS, the profitable Dutch postal delivery service also owned by Royal Mail’s parent company. Once he’s got that, he may offload Royal Mail. Whatever, his commitments to the company, including to a universal service, are limited to five years. After that, all bets are off. That makes a nonsense of Kemi Badenoch, the Business Secretary, saying she will look for “cast-iron” guarantees for the universal service.