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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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Vince Cable: Royal Mail sale is practical and logical

The Government's decision on the sale is practical, it's logical, it's a commercial decision designed to put Royal Mail's future onto a long-term sustainable basis. It's consistent with developments elsewhere in Europe.

– Business Secretary Vince Cable

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