Post by Bob on Jul 30, 2011 7:54:55 GMT 1
The European Commission has begun an investigation into whether the UK government's plan to overhaul the Royal Mail contravenes EU rules on state aid.
The government plans to take on Royal Mail's £8bn pension deficit and restructure its £1.7bn debts.
The Commission acknowledges the importance of the reform of the postal market in the UK," said Competition Commissioner Joaquin Almunia.
"However, we must ensure that the state measures do not provide undue advantages to Royal Mail as this would distort the conditions of competition among postal operators in the internal market."
The government plans to take on Royal Mail's £8bn pension deficit and restructure its £1.7bn debts.
The Commission acknowledges the importance of the reform of the postal market in the UK," said Competition Commissioner Joaquin Almunia.
"However, we must ensure that the state measures do not provide undue advantages to Royal Mail as this would distort the conditions of competition among postal operators in the internal market."