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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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Cable: Royal Mail sale goal is to secure universal service

Business Secretary Vince Cable.

Business Secretary Vince Cable has announced Government's plans for the flotation of Royal Mail in the Commons.

He says the "overarching objective" of the plans is to "secure the universal postal service - the six-day-week service, uniform and affordable prices to all 29 million addresses in the UK, which is vital to the UK economy."

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