Royal Mail to be privatised 'within weeks'

The Royal Mail is to be privatised within weeks, giving every person in the country a chance to take a stake in the business.

The government has given formal notice to the stock exchange that it plans to privatise the Royal Mail "in the coming weeks", although no definite timescale has been given, reports say. It has not decided exactly how much of the service it will sell, but has said it will be the majority. While employees will be given 10% of the shares, the rest are being offered to institutional investors and members of the public, with the minimum amount members of the public can apply for set at £750. The government has said it will decide how much of the Royal Mail to sell depending on market co...