Home / Royal Mail / UK to take on Royal Mail pension to pay down debt

UK to take on Royal Mail pension to pay down debt

LONDON (Reuters) – Chancellor George Osborne will use a 28 billion pound ($44.36 billion) asset transfer from taking on the Royal Mail's pension fund to pay down government debt next year, a government source said on Sunday. The transfer of the state-owned mail company's pension scheme – subject to European Union approval and due to be announced in next week's budget – will reduce the government …

More: continued here

About admin

Check Also

Lip reader reveals Kate Middleton’s ‘nervous whisper’ at Six Nations rugby match

In a rare show of rivalry, the Prince and Princess of Wales cheered on different …

Leave a Reply

Your email address will not be published. Required fields are marked *