The Royal Mail is set for foreign ownership, raising questions about the future of postal services in the UK and potential price changes.
London: Big news for the postal scene! Royal Mail is about to be owned by foreign investors for the first time in over 500 years. Can you believe it?
Czech billionaire Daniel Kretinsky is set to buy Royal Mail’s parent company, International Distributions Services, in a whopping £3.6 billion deal. This could be signed off early next year.
So, what does this mean for sending letters and parcels in the UK? It’s a big question on everyone’s mind. Will prices go up?
On another note, planning has been given the thumbs up for a new skyscraper in London, 1 Undershaft. It’s going to be 1,008 feet tall, matching the Shard’s height across the river.
We’ve got Jonathan Prynn, the business editor from The London Standard, joining us to chat about all this. It’s going to be an interesting ride!