There is much to fear from the takeover of Royal Mail by a private financier. It is fair to say that over the longer term, everything about the 500-year-old institution could now be at risk.
The string of commitments made by the Czech billionaire Daniel Křetínský in his bid for the postal service’s parent group, International Distribution Services (IDS) – accepted by the board on Wednesday – will be vulnerable to renegotiation after just a few years.
