Britain has embarked on its largest privatisation in decades as the government unveiled plans to sell the majority of the near 500-year-old, state-owned Royal Mail postal service.
The department for business said a stock market flotation would take place in the coming weeks, giving the public a chance to buy into the postal network.
Ten per cent of the shares will be given to Royal Mail staff.
It said the size of the sale would depend on market conditions, but analysts suggested the flotation could value Royal Mail – which traces its roots to a service founded by King Henry VIII in 1516 – at $3-5 billion.
The government said it would ensure value for money for British taxpayers.
Brits may want to check out how well the postal market liberalization worked in the Netherlands