USO

The company has committed to maintaining the USO for as long as it owns Royal Mail.

Keith Williams, chair of IDS, said Mr Kretinksy's commitments in the deal "provide our customers, colleagues, and broader stakeholders with safeguards for the provision of the USO".

A review of the USO closed earlier this month, with Royal Mail suggesting to the regulator Ofcom that reducing second class deliveries to every other weekday would save up to £300m a year and give the business "a fighting chance".

"If proposed changes to the USO are implemented later this year, the small businesses we represent will be left increasingly reliant on an uncapped, unregulated first-class postal service that will put significant pressure on them, and the consumers they serve," the group said.

The weekend had kicked off with a feel-good story as Jey Uso defeated Gunther for the World Heavyweight Championship, the other major title men battle for in WWE.