Royal Mail has been cleared to be taken into foreign ownership for the first time in its 508-year history.

Czech billionaire Daniel Kretinsky was given the green light by ministers to buy Royal Mail’s parent company International Distributions Services in a £3.6 billion deal, likely to be signed early next year.

What will it mean for Britain’s postal service and the price of sending a letter?

In part two, planning consent has been approved for the Square Mile building known as 1 Undershaft, which will rise to 1,008ft - nearly 310 metres - and equal the height of the Shard across the river at London Bridge. 

We’re joined by The London Standard’s business editor Jonathan Prynn.

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