Royal Mail will be valued at up to £3.3bn when the company's controversial privatisation takes place next month.

The UK government announced that the expected price-range of the postal service's initial price offering was between £2.6bn and £3.3bn or 260p to 330p per share.
The sale, which is being run by investment banks Goldman Sachs and UBS, is expected to make its stock market debut on October 11.
The government plans to sell between 40.1% and 52.2% of Royal Mail's share capital, expecting 70% to be sold to institutional investors and 10% to around 150,000 of the employer's staff for free.
But the government will retain between 37.8% and 49.9% in the 500-year-old organisation.
Members of the public will have to purchase at least £750 worth of shares if they want a stake in the company. Postal workers will on Friday begin voting on whether to take industrial action to oppose the plan.

Written and presented by Alfred Joyner