RE: Royal Mail change of holding company name 27 Oct 2022 15:52
Derek, I assume from the following that the costs to the taxpayer would be substantial. However I have no personal experience so assume that you are correct in your statement?
"It is also worth noting that unlike Royal Mail, many USPs (including in France, Germany and Italy) remain either wholly or part state owned. This means they benefit from public funding to help maintain the universal service. For example, La Poste provides four ‘Services of General Economic Interest’ for which it receives hundreds of millions of Euros in tax relief and state funding each year from the French State.