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Royal Mail boss could face further questioning by MPs

Published 23/01/2023, 10:53
© Reuters.  Royal Mail boss could face further questioning by MPs
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Proactive Investors - Royal Mail boss, Simon Thompson, could be hauled back before a committee of MPs on allegations of misleading Parliament, according to the Mail.

A report said the business select committee is due to meet tomorrow to set its agenda, which could include calling the chief executive back for further questioning following a bruising appearance last week that saw him quizzed about strikes, his £140,000 bonus and plans to stop delivering letters on Saturdays.

Committee chairman Darren Jones said Thompson's answers raised 'grave concerns' over the running of the business and reminded him that misleading Parliament would 'not be appreciated' if his responses were proven untruthful.

Royal Mail is owned by Intermediate Capital Group PLC and shares were 1.7% higher on Monday.

The mail operator has been hit by ongoing industrial action, the end of the pandemic parcel boom and a recent cyber attack by suspected Russian hackers that has stopped it sending post overseas.

One report last week suggested it could lose nearly £750mln this year.

Read more on Proactive Investors UK

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