Royal Mail sell-off unveiled
Business Secretary Vince Cable is announcing the flotation of Royal Mail which will mean people will be able to buy shares in the company. Members of the Communication Workers Union overwhelmingly oppose the scheme.
Business Secretary Vince Cable is announcing the flotation of Royal Mail which will mean people will be able to buy shares in the company. Members of the Communication Workers Union overwhelmingly oppose the scheme.
Dave Ward, the CWU's deputy general secretary, has predicted the privatisation of Royal Mail will mean it will fail meet the six-day-a-week universal service, which is protected in law.
He also told Today that rural areas would be "cut off" because it would be unprofitable to deliver to remote communities.
The Government are absolutely deluded if they believe that by privatising Royal Mail it is going to secure the long-term success of the company and the future of the UK postal service.
Royal Mail staff have accused the government of trying to "buy them off" over proposals to hand them free shares in the privatisation plan.
A plan to privatise the Royal Mail is the latest twist in its turbulent but distinguished history, which dates back to 1512.
Today the Business Secretary, Vince Cable will make the announcement that previous governments have not dared