Imagine owning a typewriter repair shop when desktop PCs and printers hit the market.

Then imagine being legally obliged to continue fixing typewriters, while the rest of the world – perhaps with the sole exception of your correspondent – stopped buying and using typewriters.

That’s the kind of bind Royal Mail (RMG) is in. The £2.7bn market cap delivery company – formerly a state-owned postal service – is obliged to make deliveries to any of the UK’s windswept outcrops for as little ...

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