Royal Mail to be privatised or sold, government says
-
-
- Mcellie
- added this
Vince Cable is reported to be looking into the part-privatisation of the Royal Mail between, after recommendation from Richard Hooper. The ideas for a part-privatisation appeared during the previous government when Peter Mandelson was Business secretary and the debate continued with the coalition government.
"His latest report says the universal postal service can only be maintained by an injection of private sector money and expertise.
He also repeated his call for the Royal Mail's pension scheme, which has an £8bn deficit, to be nationalised.
"We will come forward with new legislation in the autumn."-BBC
It sounds like the legislation is still going for privatising the delivery service, while nationalising the pension deficit.
"The plan was immediately denounced by the main trade union at the Royal Mail, the CWU. Its general secretary, Billy Hayes, said privatisation would lead to higher prices for customers and job losses for staff."-BBC
"His latest report says the universal postal service can only be maintained by an injection of private sector money and expertise.
He also repeated his call for the Royal Mail's pension scheme, which has an £8bn deficit, to be nationalised.
"We will come forward with new legislation in the autumn."-BBC
It sounds like the legislation is still going for privatising the delivery service, while nationalising the pension deficit.
"The plan was immediately denounced by the main trade union at the Royal Mail, the CWU. Its general secretary, Billy Hayes, said privatisation would lead to higher prices for customers and job losses for staff."-BBC
-
- groups:
- Community, News and Politics, Dynasty
-
- tags:
- UK Politics, Privatization, Royal Mail, nationalising, 1 more
