{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"","title":"Royal Mail £3.6bn takeover: impact on UK stamps, letters & parcels","thumbnail_width":200,"thumbnail_height":200,"thumbnail_url":"https://open-images.acast.com/shows/61ba05fc1a8cbed4343cf0e6/1734364721594-78cbdf8d-5f20-42bf-abc1-1d74e16de88f.jpeg?height=200","description":"

Royal Mail has been cleared to be taken into foreign ownership for the first time in its 508-year history.

Czech billionaire Daniel Kretinsky was given the green light by ministers to buy Royal Mail’s parent company International Distributions Services in a £3.6 billion deal, likely to be signed early next year.

What will it mean for Britain’s postal service and the price of sending a letter?

In part two, planning consent has been approved for the Square Mile building known as 1 Undershaft, which will rise to 1,008ft - nearly 310 metres - and equal the height of the Shard across the river at London Bridge. 

We’re joined by The London Standard’s business editor Jonathan Prynn.


","author_name":"The Evening Standard"}