Royal Mail reform will not take place before general

Postal service shake-up takes on extra significance as Royal Mail bosses meet ministers to discuss Czech tycoon’s £3.5bn takeover bid

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A shake-up of the postal service that could hand the owner of Royal Mail a £300m boost will not take place before the general election, it has emerged, as the company’s bosses meet ministers to discuss its proposed £3.5bn takeover by a Czech billionaire.

The industry regulator, Ofcom, has been studying options to reform the universal service obligation (USO), which requires Royal Mail to deliver nationwide, six days a week.