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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.

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Umunna outlines Labour opposition to Royal Mail sale

Chuka Umunna has outlined Labour opposition to the privatisation of Royal Mail.

Speaking in the Commons, he said: "Maintaining the Royal Mail in public ownership gives the tax payer an on-going direct interest in the maintenance of the universal postal service in this country.

Chuka Umunna outlines Labour opposition to the privatisation of Royal Mail. Credit: ITV News

"It helps safeguard the vital link the Royal Mail has with the Post Office and it ensures the tax-payer gets the share in the upside of modernisation and increased profits that Royal Mail delivers."

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