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Postal workers vote for strike

Postal workers are to stage a one-day strike after voting 4-1 in favour of walkouts over issues linked to the controversial privatisation of Royal Mail. An ITV News poll showed that the British public are split over the strike.

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Royal Mail staff entitled to £3,545 annually in shares

Under the privatisation of Royal Mail employees are entitled to:

  • Approximately 100 million free shares have been allocated for eligible Royal Mail employees, with an initial total market value of an estimated £489 million.
  • Employees eligible for shares are entitled to 725 free shares with an initial market value of £3,545.25.
  • The maximum amount of free shares available to an individual employee in one tax year is 3,000 under HMRC rules.
  • However, due to the success of the Royal Mail sale, this limit has been exceeded.

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