The stock market floatation of the Royal Mail is expected to go ahead this week, despite opposition from unions and the public.

While the Department for Business, Innovation and Skills (BIS) have commented that: “no decision has been made about the specific timing”, the move to privatise the Royal Mail is expected to occur within days.

The expected £3 billion floatation of the postal services comes after a return to profit under chief executive Moya Green.

The plans for floatation include staff being offered 10 per cent of the business, providing a expected windfall of £2,000 to 150,000 staff members.

Royal Mail profit rise in face of privatisation

Royal Mail to post strong profits before privatisation