UK Postmasters now in limbo as part of Royal mail sold ?

Sneaking under the news radar late last night, the news from the UK government that the postal delivery aspect of Royal Mail has apparently been sold.

Daniel Kretinsky a Czech billionaire has apparently bought that side of the business via a conglomerate holding company who put up the money (£3.57 billion)

The deal still needs to be confirmed by the acquisitions and mergers commission....a UK government quango.

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OldBrit · 61-69, M

Royal Mail and Post office are and have been separate companies for some years

Picklebobble2 · 56-60, M

@OldBrit Yes Post Office counters make very little money from over the counter sales.

Every letter you buy a stamp for goes in one direction and P.O. Counters get a small handling fee.

Post Offices themselves are likely to be sold off for brownfill sites.
Which means even the little village stores currently run by Sub-Postmasters will either decline or increase in numbers with yet another computer system running it.