The government has sold half of its remaining 30% stake in Royal Mail, raising another £750m for the Exchequer.

Postal workers will receive a 1% stake in the company worth about £50m, in addition to the 10% given to them when the government started its sell-off in 2013.

The remaining shares will be sold to institutional investors, such as pension funds.

The move has been criticised by Labour.

Source: Government sells half of its remaining Royal Mail shares – BBC News

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