1. National

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.

View all 14 updates ›

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.

More on this story