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dixiegrrrrl

(60,010 posts)
Wed Jul 10, 2013, 12:47 PM Jul 2013

So, Britain's mail service is being privatized...are we next?

The government has opted to float the company on the London Stock Exchange rather than sell it to a private buyer.

Members of the public will be able to buy shares, alongside larger institutional investors.
But 10% of shares are being set aside for eligible members of Royal Mail staff, which they will get for nothing.

But both Labour and the unions argued the move made no sense.
"Having nationalised the organisation's debts by taking on its pension liabilities, they now want to privatise the profit at the very time it is making money. How on earth does that make any sense?" said Labour's Chuka Umunna.

Dave Ward, deputy general secretary of the CWU, said the flotation announcement had "ignored the views of the workforce and the British public".

http://www.bbc.co.uk/news/business-23249466

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So, Britain's mail service is being privatized...are we next? (Original Post) dixiegrrrrl Jul 2013 OP
In my opinion Yes if the two headed money party can get away with it byeya Jul 2013 #1
nice description... dixiegrrrrl Jul 2013 #2
Utterly vile. n/t Laelth Jul 2013 #3
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