Royal Mail privatisation to be explored
The author of a report which recommended part privatisation of the Royal Mail has been commissioned by the government to update his findings.
Richard Hooper suggested attracting a strategic partner to the business to help "transform" its performance, but it was never taken forward by the Labour government following strong opposition from backbench MPs.
Business secretary Vince Cable said: "We believe that Richard Hooper's recommendations and analysis are still broadly valid today, but as our policy develops, we want to be able to test it against current market conditions.
"Richard's in-depth knowledge and experience will enable us to take account of recent developments in the postal market."