News about Chuka Umunna

ALEX BRUMMER: The first week of February is expected to be one of the worst times for industrial activity in British history. So many unions are striking on February 1, from teachers to college teachers, civil servants, and university students, that some have likened the predicted result to that of the General Strike, which paralyzed the country for more than a week in 1926, when millions of workers were without electricity for more than a week. Since ambulance technicians and nurses have decided to postpone their strike until February 6, strictly speaking, it will not be exactly the same. However, there is no doubt that any of us will be affected by the measures that are ruthlessly orchestrated by rebel union leaders. Strike fever is certainly spreading. After their union leader told MPs that two ballots regarding pay for strike action received yes votes of over 99%, this week it became clear that Post Office workers might join their Royal Mail colleagues in a walkout.

Chuka Umunna (pictured) of the Labour Party is advising an energy tycoon named as the 'Chech Sphinx' who has been accused of plotting to take over the Royal Mail. Vesa Equity, a billionaire-owned investment company, has recruited 44 leaders, including former CEO Daniel Kretinsky. According to The Daily Telegraph, Mr Umunna is working with JP Morgan as a managing director and division head. Mr Kretinsky - who 'Chech Sphinx' refers to investing - increased his interest in the Royal Mail's parent company to 23% just weeks after he dropped his stake to 23%. The move sparked rumors that he is planning a full takeover of the beleaguered company, which has been dogged by a series of strikes.