The Department of Trade and Industry has backed The Royal Mail’s bid for
extra funding from the Treasury to modernise its operations and plug its pension
According to the BBC online, the Royal Mail has made a formal request for a
cash injection of £1.25bn, and greater access to £750m it has on its books.
The request for money comes at a time a time when the government is trying to
rein in public spending and, if it is granted, it would most likely have to be
paid back at a later date, which could mean a share sale, the BBC claimed.
Increasing competition in the postal industry from non-government players has
meant the Royal Mail needs around £2bn to upgrade its equipment to remain
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Drastically fewer offices for HMRC in the hope to reduce their running costs
Laurence Field, the head of tax at national audit, tax and advisory firm Crowe Clark Whitehill outlines the 6 'unexpected items' regarding HMRC's Making Tax Digital plans
Many working in professional services have received honours this new year from the Queen