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Shares in Royal Mail are to be sold by the middle of this month, before postmen can go on strike; the company is valued at between £2.6 billion and £3.3 billion. The Church Commissioners, an investment arm of the Church of England, became part owners of the resurrected Williams and Glyn’s bank which will open branches relinquished by the Royal Bank of Scotland. The minimum wage for those aged 16 or 17 rose by 4p to £3.72 an hour; for those aged 18-20 by 5p to £5.03; and for those older by 12p to £6.31. Poundland, which has 458 shops in the British Isles, said it wanted to open 1,000. Teachers belonging to the NUT and NASUWT unions went on strike for a day, closing 2,500 schools. A London Duck Tours craft, Cleopatra, burst into flames in shallow waters in the Thames, into which passengers jumped.
At the Conservative conference in Manchester, David Cameron, the party leader, said he sought ‘a land of opportunity’ in which businesses put money into people’s pockets.
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