Government plans sale of Royal Mail shares this financial year

Royal Mail
 

The government hopes to give Royal Mail access to the capital it needs to move on its privatisation plans this financial year, business minister Michael Fallon has said. Fallon said that selling shares in the company will give Royal Mail future access to the finance it needs, but it does not intend to sell the firm “cheaply”. In a speech to the Policy Exchange last night (29 April) Fallon also said an initial public offering (IPO) would be the government’s […]