The future of Royal Mail as a British institution is critical. It provides crucial services to the public, is a key part of our national infrastructure and remains a significant contributor to the UK economy. As such, it is crucial for us that any purchase of IDS plc comes with it cast-iron guarantees on the Royal Mail’s future, its core values and safeguarding this iconic British brand.

Whilst it’s important that Britain remains open and attractive to foreign investment, Royal Mail is an iconic British institution with a unique place in our society and infrastructure. Royal Mail is as British as it gets, and Labour will take the necessary steps to safeguard its undeniable identity and place in public life.

Labour’s Shadow Secretary of State for Business & Trade, Jonathan Reynolds has written to the CEO of the EP Group, who is attempting to buy Royal Mail to ask for assurances that the business will continue to be headquartered in the UK and remain a tax resident here too.

Read the full text of the letter here.