Business Secretary Lord Mandelson has published the Postal Services Bill, which confirms moves for a partial sell-off of Royal Mail. The Bill said the Royal Mail will be enshrined in legislation as a publicly-owned company. No Government will be able to change this status without further primary legislation in the future.
Post Office Ltd will be entirely owned by the Government, and this status will not be changed without further primary legislation in the future.
The universal service - letters collected and delivered anywhere in the UK, six days a week, for a single, affordable price - will be written into the legislation.
There will be new powers to allow Royal Mail to charge higher fees for deliveries it carries out on behalf of rival post companies.
Read More...
