- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Summary
The UK government has approved Czech billionaire Daniel Křetínský’s £3.6bn takeover of International Distribution Services (IDS), Royal Mail’s parent company, after a national security review.
It marks the first foreign ownership in Royal Mail’s 508-year history. The government retains a “golden share” to protect the postal service’s obligations, branding, and UK-based operations.
The deal includes commitments to maintain the universal service, worker protections, and delivery performance.
While seen as a pivotal moment for Royal Mail’s future, scrutiny persists over Křetínský’s ties to Russian energy and controversial business dealings.
You must log in or register to comment.
What an incredibly stupid decision.
And the orange shit gibbon is going to try to do the same thing for no reason.
Yeah shit is gonna get sold and everything will go to shit over here. This is Labour though, the liberal party, doing this over in England. Just goes to show you what neoliberalism, regardless of particular party, will eventually do. Privatize privatize privatize.
The Royal Mail was privatized already in 2013 by a Tory government, this is just a sale between two private entities.
Ah, I was wondering how will lemmy make sure to talk about trump after the elections are over?
Yeah, right, by mentioning him and upvoting any mentioning of him in any sub on any topic.
This is a thread about UK and Czechia. Get the hell out with your American politics. Shove it faaaar up your ass and then walk like that till you reach reddit.
Nice of them to let Putin have access to everything going through the UK post.
this is a labour government?!
Basic mail plan: 35£ per month to receive mail once a week.
Silver mail plan: 50£ per month to receive mail every day.
Gold mail plan: 100£ per month to receive mail every day and have your deliveries prioritised first with the postman bowing while calling you “Mi’Lord”.
Mail used to come 12 times a day in London: https://www.mentalfloss.com/article/24089/victorian-mail-delivery-12-times-each-day
Is the free plan once a fortnight with even more marketing pamphlets thrown through the door?
You gotta prove you red the publicities though.
How on earth did this get approved by labour? This is crazy! They were pushing for publicly owned energy company as part of their manifesto and now this? Well this is going to go down even steeper hill
I think I severely underestimated Brits’ self-loathing.🤔
Oh dear, the Czech is in the mail.
This will no doubt go poorly but hey, when a government experiment goes poorly, what choice do you have.
