In the first meeting that has taken place since the victory of Labour in the general election, the Czech tycoon Daniel Kretinsky and the Business Secretary Jonathan Reynolds have interacted. “Constructive” conversations have taken place between them during the course of their encounter.
In order to reassure the newly appointed business secretary about his intentions about one of the most significant businesses in the United Kingdom, the Czech billionaire who is interested in obtaining entire control of Royal Mail has participated in discreet meetings with him. These discussions were held in order to reassure him about his intentions.
It has been brought to our attention that Daniel Kretinsky had his initial meeting with Jonathan Reynolds on Tuesday, which was the day after Labour was declared the victor in the general election that took place earlier this month.
In a statement that he made a few days earlier, Mr. Reynolds claimed that it was “reasonable” to predict that the government would conduct additional investigation about the takeover of International Distribution Services (IDS).
One of the sources who had access to the briefing described the interaction as “cordial and constructive.”
The Czech businessman, who also has a stake in West Ham United Football Club, has made an attempt to reassure the staff of Royal Mail about his intentions. He is also interested in West Ham United Football Club. In addition to this, he has declared that he will complete the Universal Service Obligation (USO) “forever.”
For some time now, the board of directors of IDS has been campaigning for the United States of America to lessen the delivery responsibility that the company is expected to fulfill on six days per week. In their argument, they claim that this requirement places a significant financial strain on the corporation.
The regulating authority for the industry, known as Ofcom, is now in the process of conducting a consultation on the future of the universal service. It is anticipated that revisions will be recommended later on in this year.
Mr. Kretinsky has been a shareholder in IDS, the firm that also owns Parcelforce, for a number of years. IDS is the owner of Parcelforce.
A meeting with the chiefs of trade unions had taken place the week before, during which he had discussed his application for IDS.
A spokeswoman for Mr. Kretinsky declined to comment on the conversations, and the Department of Business and Trade also declined to comment on the topic. Both of these statements were made in similar fashion.