Hooper urges Govt to take on £8bn Royal Mail scheme deficit

In an updated version of the report he wrote 18 months ago, Hooper claimed the Royal Mail's pension shortfall was "even more unsustainable" than 18 months ago. Hooper - who also argues for part-privatisation of Royal Mail to "inject private sector disciplines into the business" - said the government, and therefore the taxpayer, should take on responsibility for the deficit to allow modernisation to take place. Business secretary Vince Cable (pictured) said: "This update reaffirms the findings of Richard Hooper's original report and the views he has given me during the course of the su...