Royal Mail to stay private

ROYAL Mail will not be nationalised by a Labour government, business secretary Chuka Umunna confirmed yesterday, meaning it is highly unlikely that the postal service will ever return to state control.

But investors looking to buy shares when the company goes public next month are likely to be concerned by Umunna’s pledge, in a Huffington Post article, to ensure there is an “appropriate degree of price control” over the cost of products offered by the business.