In spite of profits for the Royal Mail’s parent company dropping by 20%, chief executive Martin Seidenberg has more than tripled his ‘earnings’ for the year. The International Distribution Services (IDS) boss took home £2.1m in the year to 31 March 2025, which shot up to £7m this year. Likewise, his fellow directors raked in a combined £9.8m this year, up from £4.2m the previous year. Meanwhile, the Royal Mail’s operating profits dropped from £198m to £96m in the same period. IDS blamed the rise in the minimum wage and national insurance contributions. Back in March, Parliament summoned Royal Mail bosses…