Royal Mail workers to get 10% carrot

Royal Mail workers will be offered a 10% stake in the company as the British government steps up plans for a flotation amid a recent rally in financial markets, it was reported yesterday.

Ministers are in advanced talks about giving the shareholding to staff at Royal Mail, who could be offered attractive incentives to buy shares or even be offered them for free, according to The Sunday Times.

The privatisation will be Britain’s biggest for more than 25 years, since the British Telecom and British Gas shares sales in the 1980s.