Business Secretary Kwasi Kwarteng has told the Royal Mail if Czech billionaire Daniel Kretinsky increases his shareholdings in the company above 25 percent he will face a national security investigation.
It comes as 115,000 postal workers went out on strike on Friday after the Royal Mail offered a 2 percent pay rise, which the Communication Workers Union (CWU) says is well below the rate of inflation.
The Royal Mail informed the London Stock Exchange on Thursday it had received a letter from Kwarteng in which he said he “reasonably suspects” VESA Equity Investment—which is wholly owned by Kretinsky—was set to increase his stake in the company, which was privatised in 2013….