Royal Mail sale to Czech billionaire Daniel Kretinsky is a good deal for UK, says Business Secretary

The transcript discusses a new agreement involving Royal Mail, highlighting its benefits for the UK, employees, and customers. It covers investment screening, protections, and the Universal Service Obligation (USO). The regulatory environment for stamps remains unchanged. The UK seeks a balanced relationship with China, focusing on trade and cooperation while addressing security concerns.

What role does Ofcom play in determining the conditions of the USO?

What is the government's approach towards trade relations with China as mentioned in the text?