Financial Times FT.com

Government to put brakes on Royal Mail staff shares

By Christopher Adams and John Willman

Published: May 19 2006 03:00 | Last updated: May 19 2006 03:00

Royal Mail's plans to hand its 200,000 workers a stake in the business are to be pushed into the legislative long grass, with ministers unlikely to make any changes in the postal operator's ownership structure for at least two years.

Alistair Darling, trade and industry secretary, plans to decide soon on whether to support in principle contentious proposals by Allan Leighton, Royal Mail chairman, for an employee share ownership scheme.

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