Royal Mail: A hedge fund that delivers parcels

It is thirteen years since pensions-fund expert John Ralfe described Royal Mail as a hedge fund that delivers letters. That was before privatisation and was Ralfe’s warning about Royal Mail’s secret decision to invest £5.13 billion of workers’ pension funds into the futures market—a high-stakes gamble that risked financial ruin for …

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Postal workers speak ahead of Sunday’s rank-and-file Zoom meeting: “The union is in Royal Mail’s pocket”

The World Socialist Web Site has received further write-ins from postal workers across the UK speaking out against brutal cost-cutting revisions agreed between the Communication Workers Union (CWU) and Royal Mail. Mass anger towards the CWU’s surrender document with Royal Mail has forced the CWU postal executive to “postpone” balloting on the …

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FBI files uncover plot to kill Queen Elizabeth II

A newly released cache of FBI files has revealed a potential plot to assassinate Queen Elizabeth II during her 1983 visit to California. FILE: Britain’s Queen Elizabeth II gestures as she meets representatives of the Royal Regiment of Canadian Artillery to mark the 150th Anniversary of the foundation of A …

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The economic week ahead: 29 May-2 June

Euro area growth came in at a lower-than-expected 0.1 per cent in the first quarter: disappointing, but still high enough to ensure that a technical recession has been averted. It is very hard to gauge the strength of the euro area economy at the moment. Purchasing managers indices (PMIs) have …

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