It doesn’t take long: Part-privatisation of Royal Mail planned

The UK’s coalition government has confirmed that it will seek a partial privatisation of the Royal Mail.In its latest coalition agreement document, the government said it would seek “an injection of private capital” in Royal Mail.However, it did not say how much of the struggling* mail group would be up for sale.The previous Labour government shelved its controversial plans to part-privatise Royal Mail last year.

BBC

*I don’t know what the BBCs definition of struggling is, recently all sections of Royal Mail have made a profit. Although this doesn’t matter anyway as a Public Service should be for the people not profit. In other news the Con – Dem coalition is planning to cut corporation tax, apparently the fat cats need more money.

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