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Royal Mail privatisation bill unveiled by Vince Cable
http://www.bbc.co.uk/news/business-11526179
Quote:
Business Secretary Vince Cable has said that private buyers will be allowed to own up to 90% of Royal Mail, while the Post Office may be mutualised.
He was giving details of the Postal Services Bill, designed to pave the way for Royal Mail's privatisation.
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Well I don't think that's any surprise..it was heavily sign posted..
Quote:
Mr Cable also announced that the Post Office network, which is not included in the sell-off, may be converted into a mutual ownership structure, and promised there would be no further closures of Post Office outlets.
"It seems to me that the Post Office is ideally suited to a John Lewis or Co-operative Group style structure, where employees, sub-postmasters and communities get a greater say in how the company is run," he said.
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Well The Co-op has already taken over the two local Post Office in my borough so I can see the sense in that.
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Hell is empty and all the devils are here. Shakespeare..
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